David Rosenberg had another piece up today. I took out an excerpt that highlights the irrationality of this current market rally and why a correction is long overdue:
"To think we can have a 60% rally from the lows in six months and believe that somehow this is normal – please. By the time the market is up 60% from any low, it usually is up that amount in three years, not six months; and over 2 million jobs have been created. This is the first time the market has rallied this much with the economy shedding 2.5 million jobs."
Full article is at: http://www.zerohedge.com/sites/default/files/Lunch_with_Dave_100209.pdf
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