David Rosenberg’s gone all cartoony.
The Gluskin Sheff analyst seems to have given up on on words and is instead using charts — and Loony Tunes — to illustrate his (very salient) points.
The introductory text:
While Bob Farrell’s rule number nine warns us to be wary of widespread consensus opinions, it may well turn out that all the bullish Wall Street analysts end up being correct that 2011 proves to be another wonderful year. But the one thing we can assure you, as was the case in 2010, is that it will not be a straight line up. In fact, we would argue that there are more headwinds, potholes, and event risks this year than there were last year.
In a curious mindmeld with former employer Merrill Lynch circa September 2009 — Rosenberg is dubbing this the ‘Wile E. Coyote Market.’ Which means, inevitably, that it’ll involve some cliff risk (gettit?).
Check it out:
That’s all, folks!
The Wile E. Economy – FT Alphaville