How will immerse markets? Top investors do not see the bottom yet

Investment managers are worried that markets probably have further to fall, as growth in China is slowing, oil prices dipped and central bankers do not have the tools to support their economies.

S & P 500 Index will fall another 10% by 1650 and oil may come down to $ 20 a barrel, according to Scott Minerd, chief investment officer of Guggenheim Partners.

Jeffrey Rottinghaus by T. Rowe Price mutual fund says that stock prices can go down another 10% as the US economy slips into mild recession.

Jeffrey Gundlach, founder of DoubleLine Capital, expects a protracted decline in the S & P 500

Russ Koesterich, chief investment strategist at BlackRock Inc., said there must be a fundamental catalyst to signal a bottom in the market, whether it comes from corporate earnings, economic data or improvement in China.

Hedge fund manager Ray Dalio said the founder of Bridgewater Associates, the world's markets face the risk of downside. The next move of the Fed will be to quantitative easing rather than tightening monetary policy,

While world economies reel, the US remains an island of stability, according toOmar Aguilar, chief investment officer for equities at Charles Schwab Corp. "This is a financial crisis, not an economic crisis," said Aguilar. "The US economy is stable."

According to David Herro, manager of the $ 24.0 billion Oakmark International Fund, lower energy prices should support consumer spending, the largest role in the US economy.

E.Dimitrov JrTrader