Wall Street’s Biggest Bears
(Forbes) –They are the pessimists, worrywarts and naysayers of today’s turbulent markets. These are the guys who appear on CNBC peddling gloom and worry. They represent fear. The U.S. stock market is already down more than 5% this year and more than 10% since its April peak, as measured by the S&P 500. The biggest bears of the financial markets are concerned about different things: inflation, deflation, government debt, tax hikes, insufficient government stimulus, government intervention or lack of regulation. What they all have in common is they think we are in for some tough sledding.
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