Bear market over, expect a consolidation phase: Yardeni Research’s Ed Yardeni
Ed Yardeni, President at Yardeni Research, tells CNBC-TV18 that the bear market is now behind and one can expect a consolidation phase.
“We are not going to go straight up for the stock market, but on a global basis, there are not too many safe havens for investors… The US continues to look attractive as we can see by the strength of the dollar,” he says.
“I agree with Chris Wood of Jefferies that money is going to leave China and go to India and that may continue to also support the Indian market,” Yardeni adds.
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