Expecting stock market to keep rising is ‘a fool’s errand’ [Video]
David Rubenstein, the co-founder of the Carlyle Group and host of "Leadership Live," discusses the current scope of the U.S. stock market and employment.
Video Transcript
DAVID RUBENSTEIN: It is coming out of a recession. It is one where-- that we have, depending on how you measure, 20 to 30 million people unemployed. And in that kind of situation, you shouldn't expect the stock market to be running up to these-- these highs. But I think many people are thinking we will come out. And also, the stock market is a forward indicator, and it's indicating maybe a year from now that some of these numbers will be justified. But right now, I do think that there's going to be a lot of gyrations between now and a year from now, and I think it's a fool's errand to go into the market now thinking that it's a bottom and you're going to go up from here. I think there's going to be a lot of ups and downs.