Blackstone’s Byron Wien Says “10% To 15% Correction” In 2018 Is “Virtually Unavoidable”

Thursday, January 11, 2018
By Paul Martin

by Tyler Durden
Thu, 01/11/2018

Byron Wien, the reliably bullish vice chairman of Blackstone’s Private Wealth Solutions Group, change tack slightly in an interview with CNBC Thursday: He now believes a 10% to 15% stock-market correction this year is “virtually unavoidable.”

Now, lest you interpret this call as a major reversal in Wien’s long-held view that the market will continue its inexorable march higher, Wien quickly clarifies that he still believes the market will finish 2018 higher.

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