Stockbrokers urge investors to be cautious during 2012

STOCKBROKERS have urged investors to be cautious in their stock choices this year; expressing doubt that predicted growth across European and US equity markets can actually be achieved and predicting a secondary recession for the eurozone.

Of the houses that have published their annual list of stocks to watch in the coming 12 months, the watchwords are conservatism and caution; and most cautious of all, has been Davy Stockbrokers.

“The euro area sovereign debt crisis has led to a collapse in consumer and business confidence. It’s now likely that the euro area will experience a double-dip recession in 2012,” the company said yesterday.