The profits of doom
Article Abstract:
Some observers predict that the financial markets will slump in 1999, followed by a recession in 2000. They feel that Americans have invested too heavily in equities, which are now at unsustainable levels. US investment bank Merrill Lynch has begun selling stock, prompted by concerns that higher interest rates will lead to a decline on global markets. Investors may wish to consider protecting themselves by taking profits now, if they have some shares which have risen substantially in value.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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How big is the bear this time?
Article Abstract:
Investors wishing to take profits on shares are now too late, with the FTSE 100 index down around 13% since its July high and 100 point drops being reported regularly. The market is described as a baby bear market, and investors are advised to hang on, with forecasts for rising dividends in the short term. Profits on shares which have yet to fall can be cashed in on.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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