George Soros one of the most savvy bears around has predicted that we are entering Act II of the Bear Market.
What does Soros see that makes him so bearish? For one thing he believes that the financial crisis in Europe will worsen and attempts to cut budget deficits will push the global economy back into a recession.
According the Bank of America (BAC), Europe's debt ridden nations will need to raise 2 trillion euros within the next three years. Already the crisis has wiped out $4 trillion from global stock markets.
The entire post can be read here:
http://www.bloggingstocks.com/2010/06/11/george-soros-act-ii/
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