US Fiscal Cliff Poses Major Downside Risk to Stocks

12:20 AM ET Thu, 8 Nov 2012

Philippa Malmgren, President & Founder of Principalis Asset Management and Adrian Mowat, Chief Asian and Emerging Markets Equity Strategist, JP Morgan Securities Asia-Pacific warn that the markets have not fully priced in the dangers of the U.S. looming fiscal cliff. They explain why.