Birinyi More Worried About Markets Than Any Time Since 2009
- His concerns include oil, Chinese politics and Apple's slide
- S&P seeking rebound from 21-month low after worst start ever
China's 'Bumpy' Road Ahead: Markets Prepared?
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The difficulty of forecasting outcomes in places like China has left Laszlo Birinyi more worried about stocks than he’s been since 2009, when their recovery from the financial crisis was just beginning.
The 72-year-old investor says it’s easy to see why global equities are off to such a bad start -- falling oil, tension between Saudi Arabia and Iran, China’s equity selloff, and concern over Apple Inc.’s supply chain. The problem is predicting how they’ll turn out since most defy fundamental analysis.