Marc Faber, Bob Janjuah, And Morgan Stanley: Recessions Can Quickly Materialize, A Possible 20% Decline In The S&P 500 Through December
MORGAN STANLEY: The World Economy Is Stuck In The ‘Twilight Zone’
“Markets make fabulous economists, so a rally is often followed by a pick-up in the economy; but there’s likely to be a consolidation as softer data arrives in the near term,” said Trevor Greetham, who helps manage the equivalent of $225 billion as director of asset allocation at Fidelity Worldwide Investment in London. “There’s a two-way tension.”
That tension is reflected in the calls of equity strategists, who divide between those unnerved enough by the opaque economic outlook to shun stocks and those declaring stimulus and liquidity as reason to buy them. Morgan Stanley predicts a 20 percent decline in the S&P 500 to 1,167 through December. Credit Suisse Group AG forecasts gains will be sustained, and the U.S. benchmark will end the year at 1,500. The index was 1,461.19 at 4 p.m. yesterday in New York. ...
Bob Janjuah: September 2012 may be seen as a significant pivot point
Marc Faber : A Possible 20% Decline in the Market after The Election