With talk of a1950s style recovery, market expert Todd "Bubba" Horwitz says this is a highly unlikely situation. The founder of bubbatrading.com sees a major stock market meltdown happening with a 50% correction. "We are already seeing a tech wreck," he tells our Daniela Cambone. "The story will be told over the next few weeks." Horwitz also shares the sectors in which he is currently seeking refuge.
Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.