NEW YORK, New York -“There is a continued battle between the bulls and the bears and whether this rally has more room to run,” \Eric Schiffer, chief executive of private equity firm the Patriarch Organization in Los Angeles, told Reuters Thursday.”It is likely that we will go into another downturn next year, but the question is how deep, and that will depend on the Fed. The market at this point is leaning in the direction the Fed will go lighter, and you’re seeing stocks anticipate that.”The Nasdaq Composite at least managed to finish in the black, rising 52.
