investmentpostcards.com - 28 days ago
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The stock market has become overheated since exploding off its March lows and could be in for a strong correction, economist David Rosenberg told CNBC. Click through for the video clip.
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This Is Not the Sustainable Bull Market of 1982
Minyanville —
... moving averages. The 50-day lines are also above the 200-day lines in all instances. The October lows are also given in the table as a break below these levels would indicate a reversal of the uptrend since March, i.e. reversing the progression of higher reaction lows. [image] Over the past few days a number of commentators have made pronouncements about the extent of a possible decline. For example, Jeremy Grantham ( GMO ) expects the S&P 500 to drop by 15% to 25%, David Rosenberg (Gluskin Sheff & Associates) sees markets falling by 20%, and Doug ...
Stocks and risky assets stumble
The Big Picture —
... (GMO) expects the S&P 500 to drop by 15% to 25%, David Rosenberg (Gluskin Sheff & Associates) sees markets falling by 20% and ...
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