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Sunday, May 24, 2009

Prechter Cites Profits as Chart Analyst Sees 80% Drop in Stocks

May 15 (Bloomberg) -- Robert Prechter, known for examining stock charts to make market forecasts, says dividend payouts, the ratio of share prices to earnings and dwindling cash at mutual funds mean U.S. equities may plunge as much as 80 percent.

See here for rest of the article.

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