Simons on Market's Resilience

In his first interview since stepping down from Renaissance Technologies, the top-performing hedge fund that he founded, James Simons sounds relatively positive on the stock market. Simons tells CNBC that the market is “resilient”, and says he would have expected it to go lower than it has. Simons does say that he thinks housing prices will go lower, however, and he expects consumer spending to recover at a very slow rate.

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