After an exceptional year on global stock markets the big end of Wall Street is busy writing their forecasts for 2014

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Livewire

After an exceptional year on global stock markets the big end of Wall Street is busy writing their forecasts for 2014. The consensus view? To fill your boots with stocks over all other asset classes. Their recommendations are 1) Citi: We continue to recommend overweight allocations to global equities relative to other asset classes. 2) Morgan Stanley: Our strategic allocation remains equities over bonds, and corporate bonds over government bonds. The global expansion will remain intact per our Economics team's baseline. Equities and corporate bonds are not overvalued. 3) Credit Suisse: Our base case for 2014 is further double-digit returns in equities, with fixed income largely experiencing a repeat of the subdued returns seen in 2013. If these analysts are wrong on stocks in 2014, at least most of them will be wrong together, which is far safer for them, even if not for investors. Read more: (VIEW LINK)


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Livewire News
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