Steven Leuthold, chairman of Leuthold Weeden Capital Management, talks with Bloomberg’s Betty Liu about the prospects for a market correction. He has turned more cautious on the market, but still believes we are in a new cyclical bull market. Leuthold was famously bearish heading into the downturn and proved prescient when he turned bullish near the bottom. He says the market will be much more challenging in 2010 and says the second half has the potential to see a sizable downturn.
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