Stock Market Crash: Famed Economist Warns of ‘Gigantic Price Bubble’
David Rosenberg isn’t always right. The founder of Rosenberg Research, who rose to fame after calling the 2008 recession, regularly expresses a bearish outlook for the economy and markets that often don’t come to fruition.
But in a world where bullish forecasts are the consensus among Wall Street’s top equity strategists, it can be prudent to heed Rosenberg’s warnings. While his predictions usually don’t play out, there’s no denying that the economist sufficiently shows his work, providing relevant data that ought to give investors pause.
In a recent note to clients, Rosenberg provided some concerning numbers on where the S&P 500’s forward returns could be headed, given current valuations.
The index’s Shiller…
