Gary Shilling Believes Stocks Could Fall 35%

By on November 11, 2009

According to Forbes, Gary Shilling thinks stocks have overrun reality and are in a bubble. Shilling believes the economy will head back down and the S&P 500 could possibly break below the March 2009 low of 667.

“Consumers are still very cautious. They’re still retrenching. They’re still pushing their saving rate up for the first time in 25 years,” Shilling said.

Source:

http://moneynews.newsmax.com/streettalk/shilling_stock_bubble/2009/11/05/282141.html

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