April 24, 2006
Stephen Roach’s “Newfound Optimism” and a Perfectly Picked Top
I thought it would be fun to point out that Stephen Roach turned bullish on bonds precisely at the top.
The Optimism of a Pessimist, by Stephen Roach
Cat: | Time: 11:06 am (utc+8)
April 24th, 2006 at 11:22 am
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April 24th, 2006 at 5:33 pm
Oh that’s too funny. I guess Roach is a contrarian indicator!
April 25th, 2006 at 5:52 am
Why would Roach be right on bonds when he’s been wrong on everything else for a decade? PS: the “piper” sold today.
April 25th, 2006 at 7:45 am
2cents: The beauty of it is the precision of his wrong call on bonds as opposed to being wrong about everything in general. It’s thrilling for those of us who monitor shifts in sentiment to be able to identify the moment he threw in the towel.
April 25th, 2006 at 8:31 am
that too, of course. another example was the perfect record for several years of stock market intermediate term highs on days when Abby Cohen appeared on CNBS. naturally one might suspect those were intentional “signals” in the manner of George Soros. ;)
April 25th, 2006 at 9:07 am
I almost corrected your “CNBS” then I realized it was intentional. ;-) Any mention of Abby makes me laugh because I always think of jacad’s (remember jacad?) insistence that Abraham Joseph Cohen would appear in drag at key moments to reiterate “her” bullishness.
April 25th, 2006 at 10:45 am
i get emails from jacad, a.k.a. samurai, almost every day. he said he was told AJC had a sex change, and he, samurai, did a quick “locker room” check to find out. he concluded she was definitely a he. lol
May 7th, 2006 at 12:21 pm
[…] If you’re not scared by the timing of Roach’s “Newfound Optimism,” you should be. Cat: […]
July 28th, 2006 at 3:33 pm
[…] The only inflection points I care about are when Stephen “The End is Nigh” Roach turns bullish, as he did with bonds in June 2005 and the global economy in May 2006 — two perfectly picked tops! Cat: […]