David Darst has six boxes on his bear market checklist, and none of them are filled in yet.
David Darst of Morgan Stanley Smith Barney feels US markets could see a mini year-end Santa clause rally, the caveat of course being, nothing goes haywire in Europe.
For 2012, Morgan Stanley economists are looking at a recession in Europe with the US flirting with the issue.
Though most experts are considering India to be a safe bet, David Darst of Morgan Stanley Smith Barney holds a different view. He is underweight on India, Japan and Europe.
Inflationary pressures seem to be affecting the performance of almost all emerging markets. According to Morgan Stanley Smith Barney's David Darst, the second half of the year will be driven by inflationary concerns. While interest rate increases by many central banks has left investors not too confident."