Fiorina: Stock Market Correction ‘Is Warranted, Honestly’

DOOCY: “Joining us right now, from Portland, Maine, is republican presidential candidate Carly Fiorina. Carly, good morning to you.”

FIORINA: “Good morning, Steve. How are you?”

DOOCY: “I’m doing okay. Although the people on our business channel are probably pulling their hair out. The stock market sold out 500 points on Friday, it looks like it's going to be dipping down at least 300 when the market opens at -- in about an hour and 13 minutes from right now. What’s going on here?”

FIORINA: “Well, I actually have been expecting a correction for some time. The market has been way too high given the fundamentals. Our economy is not particularly strong, 2 percent growth is very lackluster. China’s economy has been slowing down for some time. Europe’s economy is in trouble. I think the stock market has hit record highs over and over again because the Federal Reserve has ensured through its easy money policy that the stock market’s the only place you can earn a return. Now the Federal Reserve finally is going to back off of that easy money policy. So I think this is warranted, honestly.”