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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	9/23/2001 1:47:33 PM
From: Teri Garner	Read Replies (1) of 37746

Global Markets Set for Further Falls Sunday September 23, 11:49 am Eastern Time Global Markets Set for Further Falls By Jeffrey Hodgson LONDON (Reuters) - With the world on tenterhooks awaiting news of a military response to the U.S. terror attacks, global markets seem set for another round of heavy losses in the week ahead, analysts predicted on Sunday. Stocks are expected to extend sharp falls, on fears of a global recession and steep dive in corporate profits. And bonds may perform little better, as the market grapples with the prospect of a jump in government borrowing. This should continue to send capital fleeing to traditional safe havens, ranging from cash and short-dated bonds to gold and the Swiss franc. ``What we're staring into now is a very negative scenario of weaker growth, deeper gloom on the economic front and more bad news before we can see glimmers of light,'' said David Brown, chief European economist with Bear Stearns in London. ``The first priority for investors at the moment is to maintain defensive positions and preserve capital. That's going to continue to mean more stock market liquidation.'' biz.yahoo.com

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