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S&P to Fall Another 40%: Analyst

Wednesday, 24 Sep 2008 | 1:40 AM ET

We have to look at prior bear markets or steep downtrends in the markets when considering this crisis, according to Roelof van den Akker from ING Wholesale Banking. Van den Akker expects the S&P 500 index to decline by up to 40% over the coming months to about 800.