Roubini was one of the people being interviewed when Caruso-Cabrera gasped “You can’t just sit in cash! You have to buy *something*!”
Roubini suffers from the same affliction as most economists: they’re sometimes great on theory, but they know jack-all about actual markets. This is why economists come up with twaddle like EMH on the one side, and Keynesian “stimulus” on the other.
I did notice this morning, while tuning into CNBC, that the Thursday countdown clock for the weekly unemployment stats was missing. Santelli didn't get a whole lotta time, though what he got he put to good use :) And I wasn't watching all morning, but while I was I saw nothing about the Pimco story.