Stocks headed lower on Monday, continuing almost a month of losses. Is this a correction—and if so, how long will it last? Alan Lancz, president of Alan B. Lancz & Associates, and Ronald Carson, founder and chief executive of Carson Wealth Management Group, shared their market outlooks.
“I see a lot of downside in the market,” Carson told CNBC.
“This process of just hoping things are going to go up hasn’t worked for a decade and we’re quite confident that it’s not going to work for another decade.”
Carson said he sees the S&P dropping near 500 to 700 and “could get even lower.”
“I think we’re going to have a double-dip recession—this time next year, we’re going to be in a recession,” he said. “Housing is going to lead the way.” Read more
No comments:
Post a Comment