"We're at an inflection point in history," says Loews' (L) savvy investment chief Joe Rosenberg, comparing today's equity market to Treasuries in the early 80s when he had trouble convincing folks to buy long bonds yielding 15%. One favorite is Microsoft

Joe Rosenberg is a great market timer and superb stock picker .... yeah right. See his Barron's stock picks and forecasts in February 2008 at the following:

http://bit.ly/sl1udk

Appears to us that this guy is just your standard run of the mill buy, buy, buy market pundit that is incapable of recognizing huge market risks and when equities really are "cheap".

See for example his first two Feb/08 picks:
======================...
"Symbol / Co Last Price Change Analysis
MSFT
Microsoft Corpora... $25.22 -0.06 )))) (today's price not 2008)
(-0.24%) Q: Where can the stock go?

A: If by some miracle, the Yahoo! deal falls through and Microsoft goes it alone and it can achieve my estimate, which is north of $4 in 2012, the stock could be trading at 80 in a few years. Even if Microsoft buys Yahoo!, the stock could be a lot higher.
JNJ
Johnson & Johnson $63.47 -0.98 ))))) (today's price not 2008)
(-1.52%) Q: How about drug stocks?

A: Johnson & Johnson [JNJ] is cheaper than it has been in a long time. It's trading around 62, which is 14 times this year's estimated profits. It continues to be a world-class company. J&J bought the over-the-counter business of Pfizer [PFE], and it's made a real go of it even though a lot of people thought J&J overpaid. They didn't realize that Johnson & Johnson did the deal on a very tax-advantaged basis.
======================...

Joe Rosenberg a great market timer and stock picker, right. Recommends MSFT in Feb/08 at $28-30/share and claims it could go to $80 in a few years.

And how did it do and how was his market timing? Well within a year it was down to $14-15 and today almost 4 years later MSFT is at $25.22

And how great was his recommendation on Fannie Mae? He was recommending it as a great buy at about $31/share and bragging how he was going to make $8-9/share per year on Fannie. Today's price $0.31/share. Only a 99+% loss on his recommendation.

Yeah, this guy is one great stock picker and market timer alright. Recommendations and losses from Joe Rosenberg are about as good as using your investment dollars to light your daily cigar.

Source: http://c.moreover.com/click/here.pl?r5560683929

issue 2 ohio election results 2011 election results 2011 board of elections board of elections senate bill 5 senate bill 5