{"id":75772,"date":"2009-12-11T05:06:00","date_gmt":"2009-12-11T10:06:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/rosenberg-get-ready-for-risk-to-double-2009-12"},"modified":"2009-12-11T05:06:00","modified_gmt":"2009-12-11T10:06:00","slug":"rosenberg-market-volatility-will-double-and-stocks-will-collapse","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/75772","title":{"rendered":"Rosenberg: Market Volatility Will Double And Stocks Will Collapse"},"content":{"rendered":"<p><div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Having been on the wrong side of the market in 2009, Gluskin Sheff&#8217;s David Rosenberg is doubling down his bearish bet. It&#8217;s the smartest course of action for him at this point &#8212; so expect market volatility to double in 2010:<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=aV9Kkv8HFyC4\">Bloomberg:<\/a> &ldquo;We&rsquo;ll be in a year of heightened volatility,&rdquo; Rosenberg, chief economist at Gluskin Sheff &amp; Associates Inc. in Toronto, said in an interview. &ldquo;We&rsquo;ll see periods in 2010 where the VIX will be north of 30 in a period of risk aversion as the economy and earnings very likely fail to hold up to expectations. I see more of a 30 to 40 range in the VIX.&rdquo;<\/p>\n<p style=\"padding-left: 30px;\">Rosenberg, 49, the former chief North American economist at Merrill Lynch &amp; Co., the brokerage bought by Bank of America Corp., says investors are underestimating risks to the global economy.  &ldquo;There&rsquo;s just a general level of complacency in the marketplace right now,&rdquo; he said.<\/p>\n<p style=\"padding-left: 30px;\">&ldquo;The cost of buying insurance to guard against a possible decline in equity valuations is currently very low. That&rsquo;s very low because most investors don&rsquo;t believe they need it.&rdquo;<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=aV9Kkv8HFyC4\">Read more here.<\/a><\/p>\n<p>One would imagine that he&#8217;s loading up on options. By his words, they&#8217;re dirt cheap right now since they price-in only half the market volatility that will actually occur.<\/p>\n<p style=\"padding-left: 30px;\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b22187f0000000000b158a0&amp;maxX=550\" border=\"0\" alt=\"ros\" width=\"550\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/rosenberg-get-ready-for-risk-to-double-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-david-rosenbergs-outlook-for-2010-2009-12\">David Rosenberg&#8217;s Outlook For 2010<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/manufacturing-inventories-rise-across-the-board-12-8\">Rosenberg: The Manufacturing Collapse Has Resumed<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/rosenberg-the-really-has-stalled-2009-12\">Rosenberg: The Rally Has Stalled<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/lxiMgAan_TU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Having been on the wrong side of the market in 2009, Gluskin Sheff&#8217;s David Rosenberg is doubling down his bearish bet. It&#8217;s the smartest course of action for him at this point &#8212; so expect market volatility to double in 2010: Bloomberg: &ldquo;We&rsquo;ll be in a year of heightened volatility,&rdquo; Rosenberg, chief economist at Gluskin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-75772","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/75772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=75772"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/75772\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=75772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=75772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=75772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}