Byron Wien and Blackstone Advisory Partners

Blackstone Advisory Partners: Byron Wien, veteran investor and vice chairman of Blackstone Advisory Partners, part of investment and advisory firm Blackstone Group LP BX.N , told reporters on the sidelines of a conference in Dubai it was unlikely the U.S. market would fall much further, according to Euro News. Maybe it ll go a little bit further, but its already gone down almost 10 percent, so I hope we re nearing the end of it, Wien added and Reuters The recent slump in U.S. stock prices, in which the S P 500 index .SPX has posted four straight weekly losses for the first time in more than three years, is unlikely to go on for much longer, one of Americas best-known investment strategists said on Sunday. Nobody knows how long it falling markets lasts and it always goes farther than you think, but I do think its a correction and not the beginning of a bear market, Wien said. A bear market is an extended phase during which shares slump some 20 percent from their peak levels. (news.financializer.com). As reported in the news.