Arising out of sanctions by US and European Union against Russia and the hit-back by Russia against their imports, stock prices in many countries have seen a large drop. What is the outlook of the stock market?
My view:
US stock market, using S&P500 as a guide, is expected to go beyond 2000 points by end of 2014.
However, European countries are likely to be much more affected by the tit-for-tat sanctions and perform poorer (i.e. unless ECB starts their version of Quantitative Easing (QE)!)
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