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Outside the Box: S&P 500 should be 1,000-plus points lower than it is today, strategist Rosenberg says

A reversion to the mean in U.S. stock prices could mean the market will fall by at least 20%, according to David Rosenberg of Gluskin Sheff and Associates, who gave his prediction at the Strategic Investment Conference 2018 in San Diego.

Rosenberg, the chief economist and strategist at Toronto-based Gluskin Sheff, said this is one of the strangest securities-market rallies of all time. That’s because all asset classes have gone up, even ones that are inversely correlated.

He thinks a breaking point is a year away, and so investors should start taking precautions now.

Smart money pulls back

The beginning of this year started off great for investors.

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