A notorious market bear says inexperienced 'zombie investors' are fueling a stock-market bubble — and warns that even the Fed won't be able to prevent another 30% crash
The Societe Generale global strategist was a
"I believe this almost 50% equity rally from the March 23 low will fail because I don't think the Fed is omnipotent, as most people believe," Edwards said in a recent note. The issue for Edwards and other observers is that the force that sucked these traders into the market could spit them out with the same ferocity. And in true stock-market fashion, there will be no advance warning to take profits.
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