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Strategies & Market Trends : Guidance and Visibility

AAPL 271.50

+2.0%

Nov 21 9:30 AM EST

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To: puborectalis who wrote (17811)	9/23/2001 12:37:09 PM
From: DebtBomb	Read Replies (2) of 208838

Global Markets Set for Further Falls 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.'' `The best thing you could do at the moment would be to sell equity and hold cash. But we can't do that,'' said Standard Life's head of European equities Stuart Fraser. ``It's going to be grim because nothing's happened and all we have to focus on is the bad news coming out from companies -- and that's not going to get any better.'' biz.yahoo.com

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