Citi Strategist: No Bull Market in 2009, but Market Set to Rally

Top-rated sectors are telecom and healthcare.

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Some interesting 2009 predictions from Citi strategist Andrew Howell:

  • Market rally in the first quarter
  • No new bull market in 2009
  • Markets could stagnate later in the year
  • Top markets are Israel, Czech Republic, Turkey, Egypt
  • Outlook not good for South Africa, Hungary and other frontier markets
  • Top sectors are telecoms and health care
  • Top stocks are Aspen, Gazprom, Krka, MTN Group, MTS, Murray and Roberts, Orascom Telecom, Partner, Teva, and Tupras.