Skip to comments.Greenspan: Stocks to see 'significant correction
Posted on 07/31/2014 5:02:30 AM PDT by Citizen Zed
Equity markets will see a decline at some point after rising for the past several years, former Federal Reserve chairman Alan Greenspan said in an interview on Bloomberg TV.
Read More Putting millions where his mouth is, trader bets on S&P
"The stock market has recovered so sharply for so long, you have to assume somewhere along the line we will get a significant correction ," Greenspan said on Wednesday.
Greenspan's comments come amid growing concern that interest rates near record lows are creating asset-price bubbles
(Excerpt) Read more at mob.cnbc.com ...
The question is when. Put your money in S& P? Isn’t that stocks?
yeah, I think the poster accidentally included a link to a different, bullish, story in the text here
I wonder how Greenspan, the father of all the great bubbles of our time, is able to sleep at night knowing what he did to the economy of our country?
"Sometimes, stocks go up. Other times, stocks go down."
“”Sometimes, stocks go up. Other times, stocks go down. Brilliant insight.”
Right. At some point in the future it’s going to get cold and start snowing again.
Wasn’t it the Fed Chief Yellen, or whatever her name is, who said that the QE will end or be significantly reduced this October?
Well, if this is true, then I would be there will be s significant exiting from the stock market this end of Sept. and beginning of Oct.
Exiting to cash? To gold? To worthless bonds?
How much of a correction, and for how long?
I mis-typed “I will bet” in my original post.
But, who knows what people will put their money into if the QE stops this fall. What’s safe these days?