Just a quick catchup on late NY comments...>

EQUITIES: Just a quick catchup on late NY comments made by noted investor

Stanley Druckenmiller, covered by BBG.

- He suggested that current risk-reward levels in U.S. equities are perhaps the

worst he has ever seen, and labelled the idea of a V-shape economic rebound "a

fantasy."

- He did note that "the wild card here is the Fed can always step up their

(asset) purchases."

- The investor also criticised the recent stimulus enacted in the U.S.,

labelling the measures "anti-capitalist," while suggesting that they will not

build future growth.

- Druckenmiller also believes that the U.S. is likely to see higher taxes and

regulation as we move forward.