Why 650 is a Generous Fair Estimate for the S&P 500

Nice video on CNBC featuring economist David Rosenberg...I really enjoyed his insights here, and would highly recommend a watch of this piece.

Rosenberg believes this recent rally has priced in good news up until 2011 or 2012...and thinks 650 is a generous fair value for the S&P based on current fundamentals.

He also thinks the dollar has stabilized, despite the rampant speculation of its impending demise.

And a great quote from Rosenberg: When all the forecasters and experts agree, something else is going to happen.

Hat tip to The Daily Crux for their nice find of this piece.