“The Standard & Poor’s 500 Index may fall as much as 7 percent because of economic weakness in Europe, according to hedge fund manager Barton Biggs.
“I may want to take a little risk off,” Biggs, founder of Traxis Partners LP, said on Bloomberg Television’s “In the Loop” with Betty Liu.
“I’m looking for a 5 to 7 percent correction as the most likely possibility.”
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