...Bullish Strategists
Emerging-market stock strategists at UBS, Citigroup, JPMorgan Chase & Co., Credit Suisse Group AG and Morgan Stanley are more optimistic than their counterparts following the U.S. and Europe.
The average of five estimates for the MSCI index next year is 1,463, or 30 percent higher than yesterday’s level and 9.3 percent above the all-time closing high on Oct. 29, 2007. Strategists are calling for a 9.9 percent gain in the Standard & Poor’s 500 Index and a 14 percent advance for the Stoxx Europe 600 Index, according to the average of estimates in Bloomberg surveys.
“There’s a growing realization that in some ways emerging markets are a safe place to be,” said Mark Mobius, who oversees about $34 billion as executive chairman of Templeton Emerging Markets Group. “I’m quite optimistic.” ... http://www.bloomberg.com/news/2010-12-15/no-more-bears-for-emerging-markets-unsettles-investors-shunning-conformity.html
Comments : 2011 1st TOP likely January/early February and follow by around 5% correction before 2nd TOP around May/June! Fundamental is getting more positive. Stock market shortists will likely contribute > 50% bonus to bull market traders! Watch CBOE put/call ratio and Strong demand on copper market trend...
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