More downgrades in the offing for IT sector: Andrew Holland

IT companies and most sectors are projected to experience more downgrades in the future, says Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies. “With a bleak projected outlook, the market could experience troubles over the next few weeks, particularly as global financial issues take a toll. The banking sector will meet expectations, but it is unlikely to experience any surprises. ” Holland does not recommend IT sector investments due to its recent downgrades and forecasts of worse to come.