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Stock impact report

Rosenberg: S&P "Should Be 1000 Points Lower Than It Is Today" [zero hedge]

OAKTREE CAPITAL GROUP (OAK) 
Last oaktree capital group earnings: 7/25 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.oaktreecapital.com
Company Research Source: zero hedge
Authored by Olivier Garret via MarketWatch.com,A reversion to the mean in U.S. stock prices could mean the market will fall by at least 20%, according to David Rosenberg of Gluskin Sheff and Associates, who gave his prediction at the Strategic Investment Conference 2018 in San Diego.Rosenberg, the chief economist and strategist at Toronto-based Gluskin Sheff, said this is one of the strangest securities-market rallies of all time. That’s because all asset classes have gone up, even ones that are inversely correlated.He thinks a breaking point is a year away, and so investors should start taking precautions now.Smart money pulls backThe beginning of this year started off great for investors. The S&P 500 Index hit record highs at around 2,750 points, and stocks had their best January since 1987.As if that was not enough, Rosenberg pointed out, many Wall Street strategists raised their target to 3,000. The media extrapolating record returns only added to the rise in investors’ unreasonab Show less Read more
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