Håll dig vaken nästa år

Här är en till som tycker det gäller att vara alert nästa år.

We've had two years of sledgehammer markets. There was no reward for subtlety or finesse; differentiation or hesitation. This should change. One thread running through our strategists' views on 2010 is that next year will require discrimination and nimbleness. The other thread is that almost all the team is starting the year optimistic on risk assets. However, returns will be lower than this year, and uneven - uneven within each asset class, and across the year.

/Gerard Minack