Is the stock market about to have a serious correction?
CEO, Patriarch Partners
I believe that the market has long chosen to discount the reality of an economy and financial system that recently flirted with the dangers of economic destruction and depression. We still remain mired in the consequences of the acts that took our economy to the precipice to include continued bank failures, a dearth of lending to small and middle market companies, rising unemployment and permanent job losses caused by a diminishing industrial base. I believe that it will take many years for a true recovery to take root that will include job growth, a robust housing market and broad increases in consumer spending.