Another Eloquent Case For A Secular Bear Market

July 20, 2009 at 10:21 am  ·  Category: Macro Economics, Market Commentary

Right now being bearish is nothing more than being realistic.

– David Hefty, Cornerstone Wealth Management

I’ve never heard of David Hefty before but he makes a solid case for a secular bear market.  He emphasizes three big problems: resets an adjustable rate mortgages, the crisis in California and the Obama administration’s policies.

Also, note what a loser Mark Haines is at the beginning – being disrespectful to the guests as usual.  I forgot to put him on my list of CNBC idiots.  He’s near the top.
On a secular bear market also see:
Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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