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ALBERTSON: NO SUSTAINED RECOVERY IN SIGHT

7 October 2009 by Cullen Roche 2 Comments

Sandler O’Neill & Partners’ Robert Albertson says we’re in a trading market. He also thinks we’re in a massive secular bear market based on the deleveraging cycle. Albertson believes the market has run well ahead of itself:

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Comments
  • BGray

    TPC,
    Do you have any opinions on where gold will go if we’re in a massive deflationary environment? Gold right now is skyrocketing not due to inflation but more on the back of a dead and deader dollar. If we are indeed deleveraging wouldn’t demand for dollars increase? Would that have a negative affect on gold?

    10/07/2009 at 4:22 PM
  • James

    We’ve been hearing this since March 2009 when the rally began.

    10/07/2009 at 4:49 PM