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Rosenberg: Stocks Should Fall 18 Percent



December 15, 2009 – Comments (1)

Stocks need to fall about 18 percent to reach fair value, says David Rosenberg, chief economist at Gluskin Sheff & Associates.

Investors are overestimating global economic strength and corporate earnings, he told Bloomberg.

“Based on the economic outlook, fair value in the S&P 500 is closer to 900 than 1,100.”

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1 Comments – Post Your Own

#1) On December 15, 2009 at 6:29 PM, chk999 (99.96) wrote:

He's probably right. But that has nothing with what the market is going to do in the short run.

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