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A storm gathers over equities markets
The growing concern is that stocks had priced in an overly optimistic economic path, and the recent breakdown in commodities and shift in equities to safer industries like health care suggest a reckoning in coming months.
Ken Fisher, founder of Fisher Investments which manages about $38 billion in equities. is among those concerned many investors have become overconfident. “I think expectations for the stock market are a bit on the high side,” he said.