REUTERS/Brendan McDermid Blackstone's Byron Wien doesn't see many reasons to be concerned about the US economy right now. "My belief is that we're not going to see a bear market or a recession until at least 2019," he said. That doesn't mean stocks will go to the moon, however. But earnings growth is stronger than he expected at the beginning of this year, and that will continue to drive the market higher, he said. Forget about the next US recession until at least 2019, says Byron Wien, the vice...
Investing guru Byron Wien breaks down why market bears will be dead wrong for a few more years (BX)
Business Insider - 23 Sep 2017 18:31
REUTERS/Brendan McDermid Blackstone's Byron Wien doesn't see many reasons to be concerned about the US economy right now. "My belief is that we're not going to see a bear market or a recession until at least 2019," he said. That doesn't mean stocks will go to the moon, however. But earnings growth is stronger than he expected at the beginning of this year, and that will continue to drive the market higher, he said. Forget about the next US recession until at least 2019, says Byron Wien, the vice...
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