Friday, January 23, 2009

Merrill Lynch's David Rosenberg: Top 10 Issues

1) There is no sign yet of a bottom for the housing market
2) Protectionism risks abound
3) Banks remain impaired - all options are on the table
4) Fiscal stimulus to cushion the hard landing
5) The case for gold
6) Mortgage applications ≠ approvals
7) Federal Home Loan Banks have their own problems
8) State governments raising tax bill
9) Earnings estimates getting cut – still more to go
10) Capital markets still in a lock-down

https://www.gpcresearch.ml.wallst.com//common/emailLink/pdf.asp?SSS_29510936E2505A0F1EFECD0A2C64FE8A&pdf=pdf/Dave_s_Top_Ten.pdf

No comments: