Nice video on CNBC featuring economist David Rosenberg…I really enjoyed his insights here, and would highly recommend a watch of this piece.
Rosenberg believes this recent rally has priced in good news up until 2011 or 2012…and thinks 650 is a generous fair value for the S&P based on current fundamentals.
He also thinks the dollar has stabilized, despite the rampant speculation of its impending demise.
And a great quote from Rosenberg: When all the forecasters and experts agree, something else is going to happen.
Hat tip to The Daily Crux for their nice find of this piece.