Reported about 13 hours ago
Mark Zandi, chief economist at Moody’s Analytics, expresses concerns about high asset valuations in the wake of the post-election stock rally. He notes that despite rising long-term interest rates, asset prices continue to rise, leading him to believe a significant market correction may be on the horizon. Unlike previous mini-corrections, he anticipates a more substantial decline of 20% to 25% that could persist for an extended period.
Source: YAHOO