David Rosenberg, "I’d be very wary about chasing the stock market right now"

By on June 3, 2009

John Curran at Time Magazine recently interviewed David Rosenberg, chief economist and strategist at Gluskin Sheff. Rosenberg points out that investors are plunging into the stock market partly because the economic leading indicators are turning positive. The paradox is that half the increase in the leading indicators is from the stock market. Rosenberg also notes that this is not a normal manufacturing/inventory recession, therefore he would be leery about investing in stocks after the recent run-up. If he were to buy anything, Rosenberg said he would focus on investing in consumer staples over consumer discretionary stocks.



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