Steve Blumenthal, CMG Capital Management Group CEO, was a guest on FOX Business’ “Countdown to the Closing Bell with Liz Claman.”
Steve discusses the possibility of a significant correction in equity markets due to low GDP growth, negative corporate earnings, excessive valuations and huge global debt. Indications are that returns on equities will be flat to minimal for the next 10 years, says Steve, due to the high valuations of stocks.
In Steve’s opinion, investors should employ trend following strategies, diversify holdings and compile a buy list of specific equities to consider when the market corrects, creating buying opportunities.
Enjoy the segment below.