Dow Jones: As Bulls Tout Melt-Up, This Perma-Bear Screams ‘Sell!’

By CCN: Earlier this week, BlackRock CEO Larry Fink monopolized the Wall Street watercooler conversation when he downplayed fears that the Dow and broader US stock market risk a near-term correction. To the contrary, he said, a “melt-up” is far more likely. Ignoring the fact that melt-ups are frequently followed by meltdowns, short-sighted equities optimists took Fink’s prediction as confirmation that the bull market remains intact. Perma-bear David Rosenberg, on the other hand, shouted that the melt-up narrative vindicated his pessimistic thesis: It’s time for investors to get the heck out of Dodge. Dow Jones Bear Issues Dire Warning for

The post Dow Jones: As Bulls Tout Melt-Up, This Perma-Bear Screams ‘Sell!’ appeared first on CCN

source https://www.ccn.com/dow-jones-as-bulls-tout-melt-up-this-perma-bear-screams-sell

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