Self-proclaimed big bear David Rosenberg reveals what would turn him bullish in a 'heartbeat' (via TradingNation)
, [in the] same sort of way," added Rosenberg. "There are some companies here that you would think as being say cyclical in orientation, but actually emerged here as things that we need."
Rosenberg may be softening his negative stance, but he acknowledges the economic recovery will be rough. "It's reasonable to assume the eye of the storm is this quarter, and that we're going to get a recovery in fits and starts probably for the next year," he noted. "It's going to be a very feeble recovery, and I think what happens is the market will run ahead of itself."He adds there's one vital factor that would push him squarely into the bull camp.
"This big bear would turn bullish in a heartbeat if a vaccine were right around the corner," Rosenberg said. "We get a vaccine, it's a total game changer."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cyntoia Brown Got Married To Husband Jamie Long While Still Serving Life In PrisonCyntoia Brown is the focus of Netflix's new documentary, 'From Murder To Mercy: The Cyntoia Brown Story,' but who is her husband Jamie Long?
Read more »
US economy shrank by 4.8 percent in first quarter, as coronavirus ends record-long expansionEconomists surveyed by Refinitiv expected the economy to decline by 4 percent.
Read more »
'Pokémon Go' announced a month-long event that will debut new shinies and Galarian formsGalarian Pokémon caught in 'Pokémon Go' can evolve.
Read more »
Why It Takes So Long To Make A Coronavirus VaccineThis is what goes into creating a COVID-19 shot that can give us immunity against the virus. (Hint: It's a lot.)
Read more »