Ken Fisher, Fisher Investments chairman & CEO, says this correction looks very similar to that of 1997, which was referred to as the Asian Contagion. Like then, this correction has been influenced largely by uncertainty around currencies. Also similarly to 1997, the most recent correction is during a period of low interest rates, falling commodity prices and has come after a long period of time without the market seeing a 10% pullback. In addition, according to Fisher, this correction and the one in ‘97 come roughly about the same amount of time (6-7 years) after major real estate declines (1990 […]
Hedge fund guru Joel Greenblatt says he’s seeing a wide disparity in the way the current market values large stocks and small stocks.