Mr DOOM, or is he a Dr… Roubini is once again shouting that a double dip is going to happen.
Yes this monster is trying to scare everyone again, just as he had done previously, every time when there is bad news such as those that were released in the past few days.
The market is lost. There are 2 sides, one follow DOOMster, and the other follow the Paulson, Kass, and the many bullish contrarians.
This could be why we are expecting a technical and relief rally. Market should remain indecisive until the clear NFP results next week dictate the real trend.
Tomorrow’s unemployment claims will be watched closely. The Anti Doomsters really don’t want to see the claims exceed 500k. Any number below 500k will be welcomed with open arms by all except Doomster.
Sentiment: Bullish on Technical Rebound Hope
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