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Gloomy forecasts for U.S. equity markets in January 2013 by equity strategists from Goldman Sachs, Morgan Stanley and HSBC
01/09/2012
Forecasts of the S&P 500 at about 1200 by the three equity strategists by the beginning of 2013, close to where they were in in beginning of 2012, wiping out gains from the first quarter runup. 50% of this is from macroeconomic effects and also from Europe and China. Weaknesses in bank's financial position are also reflected in this return to levels at the beginning of 2012.
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