Rosenberg: Even given all the continuingly declining fundamentals like household net worth, corporate profits, SGS unemployment, blah blah...BUY!

[E]ven for someone like me who has been long-temi cautious on equities as an asset class, it must be acknowledged that even with the murky profits outlook, the increasingly deflated real rate allows for ongoing declines in the discount factor used to estimate the present value of future corporate income streams. This is a powerful buffer for stocks.