(Bloomberg) — Carson Block is predicting a plunge in stocks after they roared back from the coronavirus sell-off in March.“The direction has to be sharply downward,” the renowned short seller and founder of Muddy Waters Capital said in a phone interview.Block finds it hard to believe that equities are trading at their current valuations even though demand has been “crushed” by the pandemic and isn’t likely to recover anytime soon. “It makes no sense,” he said.After crashing into a bear market at its fastest pace on record, the S&P 500 Index has advanced about 27% from its March low. The …read more
Source:: Yahoo Finance
