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Goldman's Jim O'Neil - Where The Markets Are Heading in 2013

December 03, 2012 | About:


Some of Jim O'Neil's observations:

- He is detecting for the first time investors starting to shift from the U.S. to Europe.

- He personally is assuming that the fiscal cliff nonsense will go down to the wire but will be dealt with.

- He thinks the fact that the American government has no dominant majority makes it impossible to do anything really positive.

- There is relief in Europe because the spiral between sovereigns and banks has been broken, and the worst seems to have past.

- He knows investors now buying European financials who haven't dreamed of doing so in years.

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