Greenspan Says Stocks to See ‘Significant Correction’

By Christopher Condon - Jul 30, 2014

Former Federal Reserve Chairman Alan Greenspan said equity markets will see a decline at some point after surging for the past several years.

“The stock market has recovered so sharply for so long, you have to assume somewhere along the line we will get a significant correction,” Greenspan, 88, said today in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. “Where that is, I do not know.”