Breakfast with Dave
Hey WSO,
I was wondering if anyone who has access to David Rosenberg's "Breakfast with Dave" would mind sending me today's issue or summing up his comments on:
"Earnings … some clouds on the horizon?" "Good news … but with some caveats"
Appreciate it
I haven't read it, but if Dave Rosenberg wrote, I can almost guarantee you the summary is that:
1) Corporate margins just hit cycle highs and are unsustainably high because companies have cut the fat and now have nowhere to hide from declining revenue trends (as a result of overlevered US consumers that are cutting back discretionary spending).
2) He probably also said yields on the long-bond are 75-100 basis points too high for the deflationary environment we're in.
3) He then probably concluded by saying investors should look for yield and avoid stocks.
Rosenberg is a hick...
He should change his title to Public Relations Director @ Gluskin-Sheff Associates, Canada's largest 'macro hedge fund', even though it's really a wealth management firm.
hahah alright thanks guys
Haha loving the Dave hate. I used to read Dave every day, and generally found his conclusions appropriate (although BananaStand did do a good job of mocking his opinions). He stopped sending his email out for free, and instead required readers who weren't clients to pay 1000$ a year for the letter. Plus, they had to download this software that wouldn't allow them to forward the email to anyone. It was intense. Fuck him for that.
Inventore et aut provident porro sapiente quas. Temporibus magnam pariatur a vel molestiae non error esse. Qui beatae dignissimos temporibus nemo ab.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...