Bloomberg News: Credit Suisse Strategists Say Sell Bear Market Rally in Stocks

Article by Sagarika Jaisinghani in Bloomberg News

With stock markets staging a strong rally, Credit Suisse Group AG strategists have a message for investors: sell into it.

A team led by Andrew Garthwaite said they remain cautious on equities as diminishing real money supply, elevated stock valuations and “extreme” risk to earnings all imply further declines before the market finds a bottom.

Based on their earnings estimates for next year, Garthwaite sees the S&P 500 Index trading between 3,000 and 3,200 points -- at least 13% below current levels. “Bear markets are larger and last for longer,” he wrote in a strategy note.

The warning will serve as a reminder of .......

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