David Rosenberg: Overvalued Stock Market To Correct 5 To 10 Percent (Reuters Video, 9/11/2014)
9/17/2014 02:09:00 PM | via @Dvolatility |
On September 11, David Rosenberg, chief economist at Gluskin Sheff, told Reuters that he believes the stock market will fall 5 to 10 percent from here because of high valuations, the lack of breadth, negative seasonals, and rising uncertainty over the timing of Fed rate hikes after QE ends. But he still believes that "the bull market has not come to an end" and that "bonds are more expensive than stocks right now." Interesting?