Another bear gets carried out, as the S&P's close over 1450 has Bob Janjuah backing off his...

|By:, SA News Editor

Another bear gets carried out, as the S&P's close over 1450 has Bob Janjuah backing off his call for stocks to lose maybe 25% of their value by year's end. Tactically neutral at the moment, Janjuah says risk assets are in a bubble, and a weekly close below 1450 might have him short again with the modest target of 800.