Goldman Sachs and Morgan Stanley's CEOs both see a stock market correction on the horizon

Global markets might be heading toward a correction in the next one to two years. It's likely there will be a drawdown of 10 to 20%, Goldman Sachs CEO David Solomon said. Morgan Stanley CEO Ted Pick said this wouldn't necessarily be a negative development. After a year of extended rallies, global stocks may be in for a harsh new reality. According to some Wall Street chief executives, markets could be heading toward a correction. "It's likely there'll be a 10 to 20% drawdown in equity markets som ...