The Chinese market is likely to fall 25 percent, taking U.S. stocks with it, with the S&P 500 possibly falling below 800, Robin Griffiths, technical strategist at Cazenove Capital, said Monday. But then U.S. indexes will rise again for a substantial amount of time, with the Dow estimated to rise to 1,250, he added.
"Anything that's just gone up 100 percent, for no other reason than that, you're bound to see some profit taking," Griffiths told CNBC. "So the label I apply to China is it is in a cyclical bull market in a secular uptrend. It doesn't get any better than that."
http://www.cnbc.com/id/32266340
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