Goldman Sachs’ Rubner Says US Stock Market ‘Could Go Down a Lot’
- Small decline in stocks could lead to a bigger drop, he says
- US stocks bounce after falling most in months on Wednesday
If the US stock market goes down a little from here, it “could go down a lot.”
That’s the view of Goldman Sachs Group Inc. tactical specialist Scott Rubner, who warned in a note to clients on Thursday that the “pain trade is now lower, not higher from here.”