Roubini Establishes an Option Position

Dr. Doom proves he is a master of hedging. He's turning bullish, saying we should have a global recovery by year-end, but still says there is a tiny chance that we get the double dip. Thus he'll be right either way.

The world economy still risks a double-dip recession if oil prices rise toward $100 per barrel and if huge U.S. government debts frighten investors, Nouriel Roubini, professor of economics and chairman of RGE Monitor, told CNBC... 

"Asset prices should go higher, the question is too much, too soon, too high? In my view there is the risk of a correction," Roubini said... 

I'm not saying it's going to happen but it's a risk," Roubini added.