In a recent Wealth Advisor interview, Michael Stewart, Managing Partner of Bull Valley Financial, sites reasons for the frothy markets to retrench 50% towards the March lows. Underwater mortgages, rising unemployment & watered down earnings as a few.
Bull Valley Financial managing partner Michael Stewart has been forecasting to its clients that the U.S. stock markets will continue to decline to Dow Jones 6000. Just because the economy is in a Recession doesn't mean your money has to be.