How Low Can the Stock Markets Go? Much Lower
Mar 9, 2009 10:39AM
For the last six months this author has been arguing that, in spite of the sharp fall in US and global equities there were significant downside risk to stock markets. Thus, repeated bear market rallies would fizzle out under the onslaught of worse than expected macro news, earnings news and financial markets/firms shocks. They way we put is very simple:
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