Reported 4 months ago
Top economist David Rosenberg warns that the stock market is poised for a correction due to historically high equity valuations. The S&P 500's 26% surge over the past year is only supported by 6% earnings growth, indicating a significant bubble similar to the 1999-2000 tech era. With forward price-to-earnings ratios expanding and minimal future earnings growth, Rosenberg suggests a potential market correction despite the possibility of further growth in the overvalued market.
Source: YAHOO