Wednesday, Nov 26, 2008
It'll get worse before it gets better
MoneyWeek: Is there light at the end of the tunnel for stocks?
"De-leveraging, the unavoidable consequence of the credit contraction, is far from finished and will continue to create a never ending stream of forced sellers. Major stock markets should fall by as much as another 50%; in which case, FTSE will bottom out below 2,500. As unlikely as that may seem to some, it is no more than should be expected given the unprecedented conditions and the abiding lessons of history."
Posted by damien @ 12:00 PM (208 views) Add Comment
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