Oops, CNBC is unlikely to be asking Abby back…(note the moans of the host at the end of the clip when she lays out the potential downside)…good for a giggle.
“Unfortunately, I think it could come on a crash similar to what happened in 2007,” the founder of Peak Theories Research said on “Squawk Box” a day after the S&P 500 closed above the 2,000 level for the first time ever. “It’s tough to know what the exact catalyst will be. But that’s the very nature of that kind of selloff. They start slowly and then happen very suddenly.” Here is a direct video link.