Rosenberg Soundbites Today

• Risk appetite has certainly expanded here but I truly cannot find very much in this new grand deal that wasn’t already being proposed
• There are still several gaps that have to be filled on the Euro plan, primarily who is going to fund the newly leveraged EFSF and on what terms
• It would probably be quite dangerous to extrapolate the third quarter performance of the U.S. economy into the future, just as it is equally dangerous to assume that October’s market gains will hold despite the apparent breakout