“The bad news is that we are in a recession, and a fairly deep one at that. The good news is that the stock market has already discounted a depression,” said Jeff Rubin, CIBC World Markets chief economist and chief strategist. “That's why no matter how severe the recent non-farm payroll losses are, the stock market soon shrugs it off.”
(...)
“Stocks can only cheer as businesses and households will be force-fed stimulus money from governments that will no longer care about deficits,” he said. “With the market having set the bar so low insofar as the economy is concerned, the slightest pulse in second-half growth The TSX should "send climbing to 11.000 by year-end."
(...)
aussi He Predicted That Oil Prices Should Rebound, Along With The Markets.
"If $ 40-50 per barrel of oil Is the price in a deep global recession, it Should not Be Too Hard to Figure Out Why Our Portfolio IS overweight energy stocks oven points," Mr. Rubin said.
From the Globe , who has just ' announce the layoff of 10% of its employees!
The power of the rationality of the stock ceases to amaze me.
Incidentally, oil prices fell below the bar of $ 40 this afternoon ... sorry Jeff.
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