Craig Loehle claims that Ljungqvist's work vindicates his own previous "global" reconstruction (Loehle and McCulloch 2008, previously discussed elsewhere on this site). Writing on the website Watts Up With That, Loehle claims:
"In this post I demonstrate perhaps a little vindication [...] There is excellent agreement over the past 1100 years [...] My peak temperature occurs about 100 years earlier, but I agree with the new reconstruction [....] The MWP looks real."
So who's right? Does Ljungqvist confirm the results of Mann (2008) and Moberg (2005)? Or do his results agree with Loehle and McCulloch (2008)? Figure 2 provides a comparison of them all, starting in AD 500 (the earliest date in Mann 2008's global reconstruction), with the northern hemisphere instrumental record shown for comparison.
t's worth noting that all the reconstructions show the Medieval Warm Period, the Little Ice Age, and 20th-century warming (though Loehle 2008 only runs through 1935).
Loehle's Medieval Warm Period is both warmer and earlier than the rest (and, as noted above, Loehle recognizes that his early peak circa AD 850 is probably incorrect). Loehle also shows a much colder Little Ice Age. All of the reconstructions diverge more in the period before AD 800, with Moberg being the coolest, Loehle the warmest, and Mann and Ljungqvist being in the middle of the pack.
When comparing Ljungqvist 2010 to Loehle 2008, it's important to remember that Ljungqvist's reconstruction is for the mid- and high-latitude Northern Hemisphere only, while Loehle's was supposed to be global. In this light, the presence of relatively extreme temperatures in Loehle's reconstruction during both the Medieval Warm Period and the Little Ice Age ought to be viewed somewhat skeptically. Whether or not these episodes were truly "global", they were certainly strongest in the Northern Hemisphere, particularly in the North Atlantic region. Ljungqvist 2010 suggests that his own reconstruction may have underestimated the magnitude of Northern Hemisphere cooling during the Little Ice Age, but Loehle's still appears to be an outlier if it is considered as a global reconstruction
http://www.skepticalscience.com/new-remperature-reconstruction-vindicates.html