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DOW JONES     credit cycle (mart.j)

Author Message ▼ Last message
mart.j     posted : 02/04/11   12:07 pm

According Citibank

Turning to the present situation, it is our belief that we are in the ‘immature bull’ phase of the cycle. Today, credit is expanding, yield curves are steep in many nations and retail investors are still nervous about the stock market. Furthermore, if our assessment is correct, the ‘mature bull’ phase is still several months away and the next bear market will probably arrive in 2-3 years.

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