"In addition, we have characterized the rally in the economy and global equity markets appropriately as a bear market rally from the March lows, influenced by the heavy hand of government intervention and stimulus. But in classic Bob Farrell form, 2010 may well be seen as the year in which we witness the inevitable drawn out decline that is typical of secular bear markets."
Read his full 2010 outlook "Gluskin Sheff's "Breakfast With Dave" at The Business Insider.
Also Bloomberg had an audio interview with Rosenberg. He sees a higher VIX next year between 30 and 40. "We will be in a year of heightened volatility." "Based on the economic outlook, fair market value is closer to 900 on the S&P than 1100". He also gets into risk aversion, sovereign risk and after shocks. You can find it here (VIX May Double as Stock Gain Slows, Rosenberg Says, Audio).
Looking Back at D.Rosenberg in 2009:
David Rosenberg: GDP Won't See 4% In 2010, Market Will Be Lower (Bets Terranova) (Nov 1, 2009)
Rosenberg Takes Other Side of Abby Joseph Cohen's Call (August 7, 2009)
David Rosenberg Sees 2002 Redux, Not Fazed By SPY Breakout (July 23, 2009, Bloomberg Audio)
Rosenberg: Secular Bear Market at Halfway Point (CNBC Video, July 7, 2009)
