SocGen's top analyst sees market lows next year

HONG KONG Nov 10 (Reuters) - Albert Edwards, a top analyst with French bank Societe Generale (SOGN.PA), expects global markets to hit a new low in 2010, adding that he would not be surprised if the global economy enters another recession next year.

Edwards, one of the leading equities bears and a long-term critic of the policies of Western central banks, is sceptical of popular opinion that extreme policy response will safeguard the West against a repeat of Japan's lost decade of the 1990's.

He said he expected that at some point China would go into recession, calling people's excessive faith in growth stories a "sick joke".