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The Daily Dish - 2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

False Start?

By The Daily Dish
Apr 8 2009, 6:39 AM ET

David Rosenberg, an economist for Merrill Lynch, is still bearish on stocks:

...on 4 of the 6 occasions that the equity market staged such a huge rally over such a short time period, it relapsed. So we are going to wait this out, acknowledging that we could be late to the party. We still feel the downside risks are too high to be involved.



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