2014-07-11moneynews.com

``"I think it's a colossal bubble in all asset prices, and eventually it will burst, and maybe it has begun to burst already," he tells CNBC. Presumably, he was referring to the decline in stocks Monday and Tuesday, which pushed the S&P 500 down 1.1 percent. The index rebounded to 1,972.83 Wednesday. ''



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