Conservative approach on corporate earnings in the West, says analyst
By Ashutosh Sharma | Published On: April 27, 2012 07:10 (IST) | Duration: 3 min, 48 sec
Michael A Gayed, chief investment strategist, Pension Partners, says Asian markets have reacted out of sympathy to US markets bleeding on Spain's downgrade by S&P. He adds that there was a deep industry-wide bias in the US and the UK to be conservative in terms of their outlook for corporate earnings.
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