Bears Turn To Bulls In The Space of A Month

Readers of this blog had bit of a chuckle prior to Christmas with our 10 stockmarket predictions for 2012. Nothing is as funny as the real thing though. Under the heading Global Strategists Are Abandoning Bearish Views, Bloomberg last night documented the year’s first about face: Strategists at the biggest banks are capitulating on their bearish forecasts after the best start to a year for global stocks since 1994 and gains of more than 7 percent in emerging-market currencies. Just two weeks after saying that investors should “remain cautious,” Larry Hatheway, the chief economist at UBS AG, raised his recommendations on global...

Readers of this blog had bit of a chuckle prior to Christmas with our 10 stockmarket predictions for 2012. Nothing is as funny as the real thing though.

Under the heading Global Strategists Are Abandoning Bearish Views, Bloomberg last night documented the year’s first about face:

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