Analyst: Stocks Will Dive Back to March Lows

U.S. stocks are heading for a fall to below their lows of last March.

So says Albert Edwards in a recent research report. Edwards is an analyst and strategist with Societe Generale S.A., a major European financial services firm with headquarters in Paris.

The company was voted this year by an independent survey as the top European economics and strategy research firm, its third consecutive year as number one.

Edwards cites a weakening global economy in 2010 and overpriced equities as the causes behind the market dive he anticipates.

“Deep down even the fiercest equity bulls must surely be doubting themselves,” said Edwards, according to a report in Bloomberg. (more)