Thursday, April 23, 2009

Commentary - From Hero to Zero

I really hate it when folk overstay their welcome. Roubini had his moment in the spotlight for a couple years, but it's over. Yet, this guy just won't go away.

The thing that's really funny (besides how WRONG he is) is that when the markets return to a normal uptrend and he is banished back to his classroom with his crazy, conspiracist, goldbug, coffin-humping followers, nobody will call him out on what a bone-head call he made when the DOW was at 6500 (predicting that we go even lower down to 5000). Jon Stewart won't have him on TV to belittle him, Strombolopoguphagus won't interview him, and CNBC won't return his phone calls. He will simply be forgotten.

So folks, beware professors professing doom. They don't have skin in the game. It's all ego.

Folks, this is Johnny Newsmaker signing off. We now return you to your regularly scheduled programming… "Roubini's Wild Parties Vol.3!" only on Ranting-TV…