Tisco Securities is warning that global stocks could slide in the near future as disappointing corporate profits and shrinking liquidity pressure market sentiment, with investors urged to hold more cash until the market correction.
Tisco expects global stock markets to decline by around 10-15% from the current level, said Komsorn Prakobphol, head of Tisco's Economic Strategy Unit.
"The S&P 500 index is currently higher than 4,000 points, with a market price-to-earnings ratio of 18 times," he said.
