Thursday, Jan 15, 2009
Depression talk becomes more mainstream by the day.
CNBC: Depression Ahead, Prepare for Stock Rout: SocGen
Societe Generale said on Thursday that the United States' economy looks likely to enter a depression and China's could implode.
In a highly bearish note, veteran cross asset strategist Albert Edwards said investors should now cut equity exposure after a turn-of-the-year rally and prepare for a rout.
He predicted that the S&P 500 index of U.S. stocks could be set for a fall of around 40 percent from recent levels.
Posted by flintster1994 @ 02:55 PM (240 views) Add Comment
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