Stocks to Drop 20% More; Cash the Safest Place: Roubini

(CNBC) — Stocks are likely to continue their aggressive decline and shed another 20 percent in value as the world economy weakens, noted economist Nouriel Roubini told CNBC.Nouriel Roubini.

As the market slides into correction territory, Roubini said weakness in euro zone countries and a slowdown in the US and other developed countries will make things even more difficult for investors in the months ahead.

via Stocks to Drop 20% More; Cash the Safest Place: Roubini – CNBC.

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