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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (15805)	5/28/1998 4:36:00 PM
From: John Hunt	Read Replies (2) of 18056

The dawn of the US bear market euromoney.com << I expect the US equity market to fall 30% to 40% this year. The catalyst for the turn in sentiment will be static (or falling) corporate profits, rising inflation and higher interest rates. Mania will drive the collapse. When the dust settles, the US economy will slide into recession. Consumers will retrench to pay down debts. The dollar will fall. It will be the dawn of a two-year bear market. >>

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