"Rosi" war hier lange die Nr. 1 unter den bärischen Analysten. Ab heute ist er tendenziell "antizyklisch" bullisch.
Über das Gemetzel an den Börsen und beim Öl schreibt er: "Außerirdische, die dies beobachten, würden zu dem Schluss kommen, die Bewohner dieses Planeten hätten den Verstand verloren." (frei übersetzt, siehe unten)
Zu Rosis "contrarian picks" zählen u. a. Ölaktien, die heute durchweg zweistellige Verluste verzeichnen.
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Ich sehe die Lage übrigens ähnlich. Das folgende Posting im Ökonomen-Thread hab ich geschrieben, BEVOR ich den Artikel von Rosenberg gelesen hatte:
https://www.ariva.de/forum/...ngsfrage-472111?page=4265#jumppos106630------------------------------------------
So, und hier nun Rosenbergs Artikel (Hervorhebungen von mir):
https://www.marketwatch.com/story/...egist-2020-03-05?mod=nextup_bomwAmid the dizzying market volatility of the past few weeks, investors are left to wonder: is this a temporary state of affairs or the start of something more downbeat?
“The volatility is completely abnormal, but we do know the magnitude is more consistent with bear market than bull market behavior,” wrote David Rosenberg, chief economist and strategist of Rosenberg Research, in a Thursday research note. To be sure, Rosenberg is well-known as a longtime bear himself.
But with stocks in the red for the year to date, profit warnings piling up left and right, and haven assets sending a strong signal that all is not right with the world, it may be worth considering the glass-half-empty view of markets right now.
Rosenberg shares some suggestions on how to invest for what he calls “a completely absurd market environment,” in which, he adds, “an alien would be questioning the mental acuity of the human race.”
• Cash, which allows investors to keep their powder dry
• Gold and gold mining stocks GDX, which Rosenberg calls a “low-cost hedge at a time when central banks are running amok again,” and when “nearly 80% of the world now has negative real yields”
• Long Treasurys TMUBMUSD30Y, 0.881%
• Short-dated high-yield credit as a hedge against the havens in gold and Treasurys.
• Residential real-estate investment trusts AMH
• Utilities
• Canadian banks
• Energy: a “contrarian” pick, Rosenberg acknowledges. He says he likes oil and gas storage, refiners, and exploration and production groups.
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