Stock Market Correction Coming? A Case of "Too Fast, Too Furious?"
THE US stock market has been soaring. It may have gone too far, too fast.
Gina Martin Adams, an equity strategist at Wells Fargo Securities, certainly thinks so. 'I would definitely tread very lightly in stocks,' she said. At the moment, there appears to be enough momentum to keep propelling the rally forward until it 'stumbles on some speed bumps', she said, but she warned that stocks were no longer cheap, especially with the economy still fragile.
At some point, she said, a host of fundamental problems would pull stocks back down to earth - but, of course, she could not say when. 'There's a difference between where the market will trade and where it should trade,' she said.