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<blockquote data-quote="Wally" data-source="post: 5318597" data-attributes="member: 46212"><p>[URL unfurl="true"]https://finance.yahoo.com/news/worst-stock-selloff-half-century-090513988.html[/URL]</p><p></p><p><em>Michael J. Wilson at Morgan Stanley, one of Wall Street’s most vocal bears, says the S&P 500 needs to <strong>drop another 15% to 20%</strong> to about 3,000 points for the market to fully reflect the scale of economic contraction. For Peter Garnry, head of equity strategy at Saxo Bank A/S, the bottom is about 35% below January’s record high, implying <strong>further declines of about 17%.</strong></em></p></blockquote><p></p>
[QUOTE="Wally, post: 5318597, member: 46212"] [URL unfurl="true"]https://finance.yahoo.com/news/worst-stock-selloff-half-century-090513988.html[/URL] [I]Michael J. Wilson at Morgan Stanley, one of Wall Street’s most vocal bears, says the S&P 500 needs to [B]drop another 15% to 20%[/B] to about 3,000 points for the market to fully reflect the scale of economic contraction. For Peter Garnry, head of equity strategy at Saxo Bank A/S, the bottom is about 35% below January’s record high, implying [B]further declines of about 17%.[/B][/I] [/QUOTE]
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