Did David Rosenberg really say, "This Is Your Last Chance"?

An article at The Technical Take entitled The Technical Take: David Rosenberg: This Is Your Last Chance takes a very bearish tone. By all means, check it out. But as I noted posting the big-picture charts at UBTNB3 blog, there's remarkable strength in the indicators still. I'm thinking that supports the idea that even on a retest of the March lows, the 600 level may well be the focus fir the SPX. That's based partly on Elliott Wave considerations, and also on my monthly chart fork trendlines.

That's still lower than many would enjoy seeing. But it could provide a level for a better, larger bear rally - even if that ultimately proves to be simply a larger B wave still.

Here's something related, in a news analysis item via Phil's Stock World, on the topic of the recent contraction in bank credit:

Ambrose Evans-Pritchard suggests the recent, unprecedented drop in bank lending is a harbinger of a double-dip recession and a slide into debt-deflation, quoting David Rosenberg: "For the first time in the post-WW2 era, we have deflation in credit, wages and rents and, from our lens, this is a toxic brew."