Nouriel Roubini and Markets Forecast!

on April 4 | in All, Europe, Markets, US | by | with No Comments

Nouriel Roubini, chairman of Roubini Global Economics LLC and a professor at New York University, analyzes the current moment in the markets, noting that multiples are high.
The U.S. equities are trading with high multiples given the historical average, indicating a movement correction, according to estimates of Nouriel Robini.

“I have not called it a bubble, but after the recovery of 25 % last year , if we have new appreciation of 25 %”, then the multiples of the stocks listed in Wall Street will be “far above the historical average”, which indicates a correction in equity markets, said Roubini in an interview with Bloomberg.

Asked if the correction is about 10 %, Roubini said that depends on the level at which the stock markets meet. Still, economist anticipates that the stock should continue to rise in the short term, due to signs of recovery in the U.S. economy and the fact that the Fed is cutting the stimuli to the very tenuously economy.

Thus, Roubini believes that the correction in equity markets should occur sometime in the second half and be “at least 10 %”.

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