US Blue-chips’ Outlook Slashed

Estimate for blue-chips are being revised lower leading some to suspect that the world’s largest economy is headed for another recession.

The reduction in growth expectations for leading blue-chips to their lowest level since late 2008 and early 2009 comes as investors have been piling into stocks in dividend-paying large companies that are seen as havens against the backdrop of the eurozone crisis and a weakening US outlook.

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