Wednesday, May 02, 2007

Confession of a Permabear

An exchange with my good friend Herb Greenberg on last night's Kudlow & Company:

KUDLOW: [Portfolio manager Noah Blackstein] called you a permabear, Herb. I believe he called you a permabear. You're part of the three bears and Goldilocks. What's your take?

GREENBERG: I've been wrong. I've been wrong. I've been dead wrong about what I thought stocks would do, because I thought there would be some reality brought into it. And you can't hide from that. But I also think that this is a market that just wants to go so much higher, Larry. There's so much money out there. There’s so much liquidity. You can't fight that.