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01 September, 2010

Stock Markets Face a 'Bloodbath', Warns SocGen Strategist

Stock markets face a 'bloodbath', warns SocGen strategist Albert Edwards - Telegraph: "Investors should brace themselves for an equities 'bloodbath' and a further fall in bond yields when the current excessive optimism propping up the market seeps away, Albert Edwards, a strategist at Societe Generale, has warned.

Mr Edwards said there was too much hope among investors, with excessive valuations in the US, but predicted it would come to an end in the coming months as economic data increasingly pointed to a double-dip recession..."

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