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Dec 13, 2011, 09.06 AM IST
Nicholas Smithie of UBS feels that earnings downgrade in EMs have intensified in 2011. However, unless the world enters recession, the downgrade cycle is possibly nearing its end.
Here are experts equity calls for the day on how the markets are expected to trade:
Nicholas Smithie, UBS: Earnings downgrade in EMs have intensified in 2011. However, unless the world enters recession, the downgrade cycle is possibly nearing its end. Global EM equities are now trading at a discount to the World and offer fair opportunity to invest as an asset class in 2012.
Russell Napier, CLSA: Investors need to plan for a Eurozone breakup and take any bounce in markets associated with the signing of the deal as a selling opportunity. The deflation on the way to this break-up could take equities to a great bear-market bottom and present an excellent buying opportunity sometime in 2012.
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
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