"Market participants often refer to unanticipated occurences that rock the global economy as "black swans". Yet Stanley Crouch, chief investment officer at Aegis Capital, told CNBC’s “Street Signs” that a “freckled swan” of powerful macroeconomic headwinds is building momentum.
“That’s the swan with the patches of all the problems that we already know are out there but they’re all in a combination,” he said."
My opinion is that stocks are at least 25 percent overvalued just due to Fed actions and U.S. gov. debt borrow-and-spend injections to GDP. The thing is, the real economy and unemployment are still horrible, as is the global debt situation, so when the crash or "correction" happens, there is very little reason to find a floor. It could go much deeper than 25% when the bottom drops out. - Wes
