When Analysts Are Bullish Everywhere, Next Big Crash Could Be Anywhere

Citi thinks people should go long everywhere, which guarantees that someone is going to be disappointed. The most recent volume of Citi’s Global Equity Quarterly predicts global EPS growth of 7 percent through the end of 2014, and while some markets look stronger than others, they predict growth everywhere. Equity strategists are bullish on all the major markets “Citi equity strategists are bullish on all the major markets to end-2014,” the report says. They favor Europe and emerging markets generally, the UK and Asian EM more specifically, and they predict lower returns in the US and Australia, but still expect…