Little Harbor's Lundgren: 'I do, absolutely, think we're in a bubble'

David Lundgren, chief market strategist at Little Harbor Advisors, says he thinks the market could rally in the short-term but that it is showing signs of material weakness and is headed for bubble trouble. Lundgren, portfolio manager for the LHA Market State Shares ETFs, says that the market is building a bubble now, but it's not sending him to the sidelines because investors can make big profits during the expansion period. However, he says that unless economic rules are somehow suspended, "We have a very large decline on our hands coming down the road." Lundgren says no one can know when the bull market will end or what the bubble's burst will look like, but he expects at least a 20 percent decline. Meanwhile, however, he emphasized that a tactical investor should be trying to maximize gains now while "not getting too far away from the exits."

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