Roubini Forecasts

He's someone to listen to. His present forecasts are no optimistic at all. He sees the present rally strictly as a bear market rally.

Bloomberg: Roubini Says Stocks Will Drop as Banks Go ‘Belly Up’

Investors are “way too optimistic” about the prospects for a recovery in the economy and earnings, Roubini said.

With “deflationary forces” lingering for as long as three years, Roubini said U.S. government bond yields will remain low and American house prices will fall as much as 20 percent in the next 18 months.