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Anthony Bolton predicts credit troubles will last six months
Submitted on 11/21/2007
The credit crisis and its knock-on effects on world stock markets and financial earnings will drag on well into 2008, according to Anthony Bolton, star manager of Fidelity International's special situations fund.
Bolton said: "The impact from the financial crisis will not disappear quickly. The worst will be over next year. The first half of the year will be the critical time." Bolton said he had become cautious earlier this year, before the crisis, because a four-year equities bull run had reduced the number of opportunities for investment.
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