Markets could tank to March lows again in worst case scenario – Lyn Alden

With valuations overstretched as they are, another correction on the same scale as what we saw in March this year is becoming more and more possible, said Lyn Alden, founder of Lyn Alden Investment Strategy.

“I think there’s a rising probability for [a correction]. So, we’ve had a really strong rally from the March bottom. Starting around June, I began to get more defensive because we had some overbought indicators. We saw kind of a partial consolidation in correction there. Many value stocks still haven’t made it up past that June peak,” Alden told Kitco News in an interview on September 2.

Alden’s comments come as the S&P 500 fell more than 1.5% and the NASDAQ tumbled 2% on Tuesday.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit www.kitco.com/

Follow us on social media:
Facebook - www.facebook.com/KitcoNews/?ref=br_rs
Twitter - twitter.com/kitconewsnow
Google+: plus.google.com/u/0/116266490328854474588
StockTwits - stocktwits.com/kitconews

Live gold price and charts: www.kitco.com/gold-price-today-usa/
Live silver price and charts: www.kitco.com/silver-price-today-usa/

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: connect.kitco.com/subscription/newsletter.html

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: gold-forum.kitco.com/


Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.