Pessimism or optimism will dominate the markets in 2014?

Pessimism or optimism will dominate the markets in 2014?

Technology sector likely will again dominate the leading indices Bears against bulls pessimists against optimists - the eternal dispute markets spilled over in full force in the new 2014 Experts and investors have begun to compete with predictions about what trends we will see in the next 12 months on the exchanges. 2013 was undoubtedly extremely successful market participants , both in Europe and the U.S. . Leading equity markets closed with double-digit growth rates dvanadesetmesechieto with increased optimism for the future. U.S. stocks sent in 2013 with record achievements, the leading benchmark S & P 500 recorded the biggest annual increase in 16 years , while the Dow Jones rise was the strongest in the past 18 years. On the continent were also there positive notes. Pan-European STOXX 600 index reported 17% return in the year that strengthen faith in the euro area recovery . Expectations about what is in front of the markets are again located in the two extremes - from the dark pessimism to optimism . Sustainer of the positive attitude in 2014 will be analysts BofA Merrill Lynch. According to them, S & P 500 will rise to over 2000 points, while the global index MSCI All-Country World will expand to a level of 444 points to end the year. Eyes will be focused mainly on property and shares of energy companies , which make the traditional engine company in recent years - the tech industry . BofA optimism is buoyed by good expectations for the U.S. economy. Experts say the state's national economy will expand with new 2.6 percent this year despite the planned exit from the program for the purchase of assets. Although global growth will reach 3.5 percent projected increase in Europe was only 0.8 percent . Lack of competitiveness of the European economy will force political leaders to resort to unconventional approaches to stimulate growth , including a program to "much -term refinancing operations of the banks " (very long-term refinancing operations, or V-LTRO). GDP growth in China will drop slightly from 7.7% in 2013 to 7.6 percent in 2014, Japan's economy will continue to be in transition, although its expansion may even exceed 2 percent growth. Far more pessimistic in their assessments are analysts from HSBC. According to experts familiar maxim " All good things come to an end " will come into force in 2014, namely U.S. lender lowered its forecast for securities traded on the stock markets of the largest economy in the world, one step at a level " undervalued " against the current " neutral ." HSBC predicts that in 2014 the broad index S & P 500 will grow by only 4% compared to last year accounted for over 30%. Dark are estimates for Europe and Japan, which are placed in the " not recommended " for market participants. Concerns are related to the expected further slowdown in economic growth in Europe and two-step adjustment of the tax on consumption in the Land of the Rising Sun .