The consensus view tends to be thick and slow to acknowledge economic downturn. There is no doubt that the currency of Central Bank experiments over the past 3 years has bought the bulls additional room to run this cycle. But the “ah ha moment” is building and is likely to hit asset prices just as hard this time, as it did during the last two global bear markets.
Doug Kass of Seabreeze Partners Management explains why he thinks the market is extremely vulnerable, with CNBC’s Kayla Tausche and the Futures Now Traders. Here is a direct video link.