Roubini: Stocks to Fall Another 20%, Get in Cash
Stocks are likely to continue their aggressive decline and shed another 20 percent in value as the world economy weakens, economist Nouriel Roubini told CNBC.
As the market slides into correction territory, Roubini said weakness in eurozone countries and a slowdown in the US and other developed countries will make things even more difficult for investors in the months ahead.
"There are some parts of the global economy that are now at the risk of a double-dip recession," said Roubini, head of Roubini Global Economics. "From here on I see things getting worse."
