Why Dr. Doom Is Bullish on Stocks

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  • Fri, May 03, 2013 - 04:20am

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    gloriasimmon

    gloriasimmon

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    Why Dr. Doom Is Bullish on Stocks

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Economist Nouriel Roubini, also known as Dr. Doom, is finally on board with the stock market upswing; in fact, he believes the stock market can go even higher over the next two years.

Now, if you are familiar with the often bearish opinions of Roubini, you’ll know that his hawkish view of the stock market is somewhat bizarre, but you’ll also understand why he thinks this way.

The thinking behind Roubini’s view is similar to my own view on the stock market. Roubini believes that the concerted move by the world’s central banks to provide easy access to money via aggressive monetary policy is helping to drive the current buying in the stock market.

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