[93084] in Cypherpunks
Global market going to the bears? [CNN]
daemon@ATHENA.MIT.EDU (Jim Choate)
Mon Jan 12 19:10:27 1998
From: Jim Choate <ravage@ssz.com>
To: cypherpunks@ssz.com (Cypherpunks Distributed Remailer)
Date: Mon, 12 Jan 1998 18:04:40 -0600 (CST)
Cc: austin-cpunks@ssz.com (Austin Cypherpunks)
Reply-To: Jim Choate <ravage@ssz.com>
Forwarded message:
> Managers worldwide say they are losing confidence in equities, buying
> bonds
>
> January 12, 1998: 1:48 p.m. ET
>
> Mutual Funds Guide
> More related sites... LONDON (Reuters) - Fund managers worldwide are
> increasingly pessimistic about economic and corporate earnings growth,
> according to investment bank Merrill Lynch's monthly Gallup Global
> Survey released on Monday.
> [INLINE] "Managers are downgrading their forecasts for earnings per
> share and at the same time this bearishness for equities makes them
> want to buy bonds," Merrill Lynch global strategist Bijal Shah told
> Reuters Financial Television. "They are saying this weakness in
> activity means that inflation is not going to pick up and bond prices
> should rise."
[text deleted]
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