Carson Block Says Stocks Will Sink, Valuations Make No Sense
- Current prices seen as too high given expected virus fallout
- ‘The underlying economy will bring the capital markets down’
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Carson Block is predicting a plunge in stocks after they roared back from the coronavirus sell-off in March.
“The direction has to be sharply downward,” the renowned short seller and founder of Muddy Waters Capital said in a phone interview.