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Rally Fizzle-Out Bodes Badly for Markets

Tue 23 Aug 11 | 05:30 AM ET
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Rally Fizzle-Out Bodes Badly for Markets

Tue 23 Aug 11 | 05:30 AM ET
"I think longer-term we're still in a stable range, or even a decline on economic trends, with potentially slowing economic growth in the United States, a lack of direction in fiscal policy, and the issues in Europe that are still unresolved," Michael Cuggino, president of Permanent Portfolio Funds, told CNBC.
 
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