A correction is coming, and nothing can stop it, this economist says

JD Mon, 09/12/2016 - 08:21
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A sharp stock market pullback is imminent, according to David Rosenberg, chief economist and strategist at Gluskin Sheff.

On Friday, stocks were hammered by fears the Federal Reserve might hike rates sooner than expected, sending the S&P 500 index (INDEX: .SPX) and the Dow Jones industrial average (Dow Jones Global Indexes: .DJI) into a tailspin. According to Rosenberg, there's more trouble ahead.

"You have a perfect storm here if you get something like a Fed rate hike into the next several months," Rosenberg said Thursday on CNBC's " Futures Now . "The problem is that the market is not priced for it. I wouldn't be surprised that we see some kind of repeat as we had towards the end of last year into January-February, which was something close to a 12 percent correction."

http://finance.yahoo.com/news/correction-coming-nothing-stop-economist-2...

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pawnstorm12's picture
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But thanks for posting.

There is a lot of truth to this I believe.

"We have allowed our nation to be over-taxed and over-regulated and overrun by bureaucrats - the founders would be ashamed." -Ron Paul