1. Hedge Fund Elliott Says Global Stocks Could Fall 50% From February Highs, Says Letter

    The Edge Markets BoardNews
    Hedge Fund Elliott Says Global Stocks Could Fall 50% From February Highs, Says Letter

    BOSTON (April 16): Billionaire Paul Singer’s Elliott Management said global stocks could tumble further, ultimately losing half or more of their value from February's high, as the world braces for the deepest recession since the 1930s-era Great Depression...

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  3. Quotes

    1. Our gut tells us that a 50% or deeper decline from the February top might be the ultimate path of global stock markets.
    2. To us there does not appear to be a gilded cornucopia of shining bargains.
    3. This is a perfect environment for gold to take center stage.
    4. Deficit spending and massive monetary expansion are called for to prevent total collapse.

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