By David Walker Goldman Sachs says the risk of recession in the US exceeds 50% and brokers ag...
By David Walker Goldman Sachs says the risk of recession in the US exceeds 50% and brokers agree that Europe and Britain present far easier investment landscapes to master in the near term. Schroder Salomon Smith Barney (SSSB) predicts the FTSE 100 will be 7,600 by the end of 2001 and 8,000 by 2002's close. The group believes investors with heavy cash positions should be buying aggressively into the current market weakness. The group said: "Last year was a downgrading year for economists and analysts and 2001 has started no differently. Profit downgrades are the price that must ...
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