In an interview with RTT News, Peter Boockvar, equity strategist at Miller Tabak discusses the market's sharp sell off on Thursday amid mixed economic and corporate news. Boockvar explains why the better than expected ISM Non-manufacturing report is a "basis of concern," but says the "center of the storm" remains the global credit contraction.
Boockvar says a bear market is typified by "death by a thousand cuts," so he suspects it has "a ways to go" before everything is worked out.
To listen to the complete interview, visit:
http://www.rttnews.com/Audio2/2008/September/4/AMBUZZ-Boockvar-09.04.08-lbr.mp3
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