From: Jim Choate <ravage@ssz.com>
Date: Tue, 13 Jan 1998 07:38:39 +0800
To: cypherpunks@ssz.com (Cypherpunks Distributed Remailer)
Subject: Global market going to the bears?   [CNN]
Message-ID: <199801130004.SAA23988@einstein.ssz.com>
MIME-Version: 1.0
Content-Type: text



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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