-we favour pharmas (strong FCF, low correlation to global GDP), telecomms (high yield, EM growth), IT (dividend hikes)
- financials in Europe (well capitalised and low PE)
Gary Motyl (Templeton Global Equity Group)
- equities will fall 50%, stay short between early 2012-late 2013
- safety in bonds
- favours healthcare stocks and EM (accumulate after 2013 or 2014)
- deflationary decade ahead
- China is the last great bubble, of which bursting will cause global deflation and EM downturn
Harry Dent (The Great Crash Ahead)
-oil could fall basedon fundamentals (but watch Iran)
- industrial metals set for fall
-expect more panic in Europe as Spanish house prices tumble
John Stepek (MoneyWeek)
