Recently, Jamie Dimon, the CEO of JP Morgan Chase (an American investment bank), suggested that the S&P 500 index could fall by another 20% from current levels.

Given this, an investment analyst, Mr. Sharp, writes in a note to his Asian and European clients: "now is the time to short-sell American equities!" More so, he goes on to suggest that because yields on the Nigerian government 10-year bonds are around 13%, his clients should use their anticipated profits from the short-sale to buy these bonds.

Answer rating: 100% (QA)

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