Value-Stock-Plus: US bull market coming to an end: Rakesh Jhunjhunwala
Rakesh is a widely respected billionaire who has an uncanny knack for catching global macro trends. The Dow somehow has pushed past 14,000 despite major banks' warnings about earnings that will be off more than 50% from last year. Obviously, the Street thinks that the worst is over. It seems unlikely to me that we've gone from knowing very little about the extent of the damage to knowing everything and discounting it within a month.
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