Betting Against Roubini Is As Good As Gold

There can't be too many people left who wait to see what Nouriel Roubini has to say until they place their market bets - unless it's to bet against Roubini's view.  And it's a good thing for Nouriel that he gets paid as a university  professor and not as a market speculator - although, if I were one of his student's I'd be pissed about having to pay for his professorial garbage.  As per The Wall Street Cheat Sheet:

"If you followed his bearish advice in 2005, you would have either missed the entire rally through 2007, or you would have lost money shorting the market. If you would have followed his advice starting on March 9, 2009, you would have lost a ton of money. We should also note that Roubini said Oil would stay below $40 a barrel for all of 2009"

Here's the link, which has a nice chart of Roubini's consistently wrong market calls:  LINK

For public record, I would like to note that Roubini recently has decreed, several times, that gold is going to go lower.  I'm not sure you'll find a better bet in the history of the universe than taking the other side of that call.

My view is that Roubini has been working hard for an appointment to Obama's Council of Economic Advisors.  Quite frankly, I'm surprised Obama has not given Nouriel his wish, because Nouriel's dismal incompetence as an economist would make him a perfect fit with all the other clowns in Obama's administration.