Published on Fri, Sep 03, 2010 at 08:35 | Source : CNBC-TV18
Updated at Fri, Sep 03, 2010 at 08:36
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Deflationary forces continue to mount: CLSA
The central point remains that the quicker the US stock market falls from here, the quicker the Fed will commence the next wave of quantitative easing, says Chris Wood of CLSA.
Here is expert equity call for the day on how the markets are expected to trade:
Chris Wood, CLSA: Deflationary forces continue to mount and we maintain a bearish view on stock markets with the seasonally weak period for equities, namely September and October, having formally commenced. The central point remains that the quicker the US stock market falls from here, the quicker the Fed will commence the next wave of quantitative easing.
