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Hedge fund guru Sprott: Stocks will drop below March lows
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Wednesday, December 30, 2009
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From Newsmax:

Hedge fund manager Eric Sprott predicts stock prices will plummet 40 percent, as the economy remains in recession.

The Standard & Poor’s 500 Index will drop below its March 12 closing low of 676.53, he told Bloomberg. That was the lowest close in 12 years.

“We’re in a bear market that will last 15 or 20 years,” said Sprott, CEO of Sprott Asset Management.

He notes that despite investor optimism...

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Topics: Hedge Funds | Guru | Stocks
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