“We’re really back to where we were before the crash,” Clem Chambers, CEO of ADVFN, told CNBC Thursday when discussing the outlook for the stock market. Chambers expects a “really nasty correction or a very, very strong rally, nothing in between.”

When governments actually begin their exit strategies from fiscal stimulus it could cause a 25% drop in stock markets, Clem Chambers, CEO of ADVFN, told CNBC Thursday.