Headline: America will bounce back Source: Euromoney Date: October 2001 Author: David Roche I am convinced that the outcome of the human tragedy of September 11 will be a gutsy renewal of solidarity and confidence, recently lacking in the US, on the part of Americans and foreigners.
On a broader front, US defence policy will be redefined to address the changed nature of war, and public spending will increase. This will have a beneficial fiscal impact on the US economy. So I’m sticking my neck out and forecasting that global equity markets will move sharply up between now and the end of the year. The broader US indices could go up 15% to 20% and the technology-heavy Nasdaq Composite could rise by as much as 30%. |