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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

4:00 PM EST

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To: Chuca Marsh who wrote (87714)	7/9/2002 8:15:28 AM
From: long-gone	Read Replies (1) of 116779

FT Top fund manager sees stock markets halving By Steve Johnson. FT Investor Published: July 5 2002 12:23 \| Last Updated: July 5 2002 12:23 Hugh Hendry, Europe's best-performing fund manager, believes equity markets will fall a further 50 per cent before bottoming. In the last three weeks Mr Hendry says has sold off a third of his equity portfolio to seek the sanctuary of government bonds. And Mr Hendry's stable of hedge funds is shorting a swathe of financial and technology stocks from Swiss Life to SAP and Siemens. "There's some market rubbish being talked about bottom and capitulation, but I have never heard such garbage," he says. "The market will bottom (cont)3 news.ft.com

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