More worried about stocks than at any time since 2009
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New York
THE difficulty of forecasting outcomes in places like China has left Laszlo Birinyi more worried about stocks than he's been since 2009, when their recovery from the financial crisis was just beginning.
The 72-year-old investor says it's easy to see why global equities are off to such a bad start - falling oil, tension between Saudi Arabia and Iran, China's equity selloff, and concern over Apple Inc's supply chain. The problem is predicting how they'll turn out since most defy fundamental analysis.
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