Monday, November 5, 2012

Markets could fall down 20 percent


“I believe globally we are faced with slowing economies and disappointing corporate profits, and I will not be surprised to see the Dow Jones, the S&P, the major indices, down from the recent highs by say, 20 percent,”

“That is not a big decline. If you can’t take a 20 percent decline, don’t get out of your bed in the morning,” he added.

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