Morgan Stanley predicts 7% for S&P 500 in 2012

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Source: Marketwatch
Morgan Stanley experts said on Thursday they forecast S&P 500 Index to drop by 7% at 1,167 by the end of next year. Analysts base their expectations on weakening global outlook and floppy company results. Moreover, Morgan Stanley experts suggest that US Dollar is likely to strengthen and curb the corporate profits. Morgan Stanley also upgraded industrial sector and downgraded energy segment.

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Tue, 03 Jan 2012 16:00:18 GMT

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