Next Leg Down Will Be “More Painful Than The Last” Pento Says: Tech Ticker, Yahoo! Finance

Puzzled by the strength and duration of the stock market rally? Michael Pento, chief economist at Delta Global Advisors, says it all makes perfect sense. “If the Federal Reserve is going to pay you less than 1% to deposit your savings… what are you going to do with that money?” Hence, the rally off the March lows.

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