The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Davos: Why doomsday prophecies for 2012 are wrong

Analysis by Ned Davis Research suggests apocalyptic predictions about financial markets in 2012 are unjustified. Eurozone Europe will lag, but much of the rest of the world can expect a pick-up.

Gloom and doom became the norm in 2011, ahead of the year when the world is supposed to end. Inspiring the disaster movie that started filming around the time of the Lehman implosion, the doomsday prophecies for 2012 have included everything from a meteor strike, to a geomagnetic reversal, to a visit by aliens. And the latest take on apocalypse is the death of the euro and the after-shock of hyperinflation or economic depression – take your pick. The Armageddon chatter and contagion talk has continued to weigh down consumer confidence globally, in the eurozone as well as in the UK, US, Japan, China, and other countries. And worried investors have continued to seek the comfort of the herd, acting in unison. The result has been an unprecedented number of one-sided trading sessions since August. The vast majority of shares and stock prices have been moving in the same direction, with the daily gyrations unusually high, as reflected by the S&P500’s mean daily change over the past 100 days.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree