David Rosenberg: "The Rodney Dangerfield Expansion"

David Rosenberg: “The Rodney Dangerfield Expansion” by Stephen B. Blumenthal, CMG Capital Management

“Earnings don’t move the overall market; it’s the Federal Reserve board.  And whatever you do, focus on the central banks and focus on the movement of liquidity.  Most people in the market are looking for earnings and conventional measures.  It’s liquidity that moves markets.” -Stan Druckenmiller

I am in beautiful San Diego and I’m up way too early.  It’s Friday morning and day two of the 12^th Annual Strategic Investment Conference.  The event is put together by John Mauldin and Altegris. My friend John has an outstanding lineup of some of our industry’s top thinkers.

Yesterday David Rosenberg, Peter Briger, Lacy Hunt, Jim Bianco, Paul McCulley and...