Stock markets around the world have overrun equilibrium levels and are thus likely to drop back through November, says Robert Parker, vice chairman of asset management for Credit Suisse.
“During October and November, we could see up to a 10 percent correction in developed equity markets and 20 to 25 percent in emerging equity markets,” Parker told CNBC.
He doesn’t expect a bear market, as rising corporate earnings and investors’ willingness to commit cash buoy global stock markets. (more)
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