Beware the Coming 25 Percent Correction: Pro-25% 可靠吗？# Stock
u*n
1 楼
有经验的请鉴别一下，以前QE的时候这帮鸟人也写这种文章吓人？
Renewed jitters over Europe, growing fears about China and the U.S’s
precarious fiscal situation all bode poorly for the recent stock rally,
which could correct as much as 25 percent in the coming months, an
investment manager said Wednesday.
Market participants often refer to unanticipated occurences that rock the
global economy as "black swans". Yet Stanley Crouch, chief investment
officer at Aegis Capital, told CNBC’s “Street Signs” that a “freckled
swan” of powerful macroeconomic headwinds is building momentum.
“That’s the swan with the patches of all the problems that we already know
are out there but they’re all in a combination,” he said.
With the euro zone’s debt crisis reaching a crescendo and the U.S. election
outcome still uncertain, “we’ve got plenty of issues to worry about,”
said the investor, who helps Aegis manage about $2 billion in assets. (Read
more: Just When Investors Thought Europe Was Fixed.)
Since June, equity markets have surged, defying the predictions of many
skeptics who argued that looming difficulties in the world’s economy would
soon put a damper on the rally. (Read more: The Most Hated Stock Rally in
History?)
http://www.cnbc.com/id/49183818
Crouch argued that stocks have rallied largely based on bond-buying
expectations from the Federal Reserve, rather than healthy factors
underpinning the global economy. The Fed’s unfurling of more quantitative
easing was mostly a non-event that had already been factored into stock
prices.
“We paid in advance for this classic ‘buy the rumor, sell the news’ event
,” Crouch said. While reluctant to say how deep major stock benchmarks
could fall, he warned that the Dow Jones Industrial Average [.DJI 13413.51
-44.04 (-0.33%) ] could “possibly” break 10,000 with the S&P 500
Index [.SPX 1433.32 -8.27 (-0.57%) ] revisiting its lows from last
fall.
“I think we see more downside pressure here ,” he said.
Renewed jitters over Europe, growing fears about China and the U.S’s
precarious fiscal situation all bode poorly for the recent stock rally,
which could correct as much as 25 percent in the coming months, an
investment manager said Wednesday.
Market participants often refer to unanticipated occurences that rock the
global economy as "black swans". Yet Stanley Crouch, chief investment
officer at Aegis Capital, told CNBC’s “Street Signs” that a “freckled
swan” of powerful macroeconomic headwinds is building momentum.
“That’s the swan with the patches of all the problems that we already know
are out there but they’re all in a combination,” he said.
With the euro zone’s debt crisis reaching a crescendo and the U.S. election
outcome still uncertain, “we’ve got plenty of issues to worry about,”
said the investor, who helps Aegis manage about $2 billion in assets. (Read
more: Just When Investors Thought Europe Was Fixed.)
Since June, equity markets have surged, defying the predictions of many
skeptics who argued that looming difficulties in the world’s economy would
soon put a damper on the rally. (Read more: The Most Hated Stock Rally in
History?)
http://www.cnbc.com/id/49183818
Crouch argued that stocks have rallied largely based on bond-buying
expectations from the Federal Reserve, rather than healthy factors
underpinning the global economy. The Fed’s unfurling of more quantitative
easing was mostly a non-event that had already been factored into stock
prices.
“We paid in advance for this classic ‘buy the rumor, sell the news’ event
,” Crouch said. While reluctant to say how deep major stock benchmarks
could fall, he warned that the Dow Jones Industrial Average [.DJI 13413.51
-44.04 (-0.33%) ] could “possibly” break 10,000 with the S&P 500
Index [.SPX 1433.32 -8.27 (-0.57%) ] revisiting its lows from last
fall.
“I think we see more downside pressure here ,” he said.
