Europe has bested the United States as the top place to invest in, while China, Brazil and Russia are the worst markets to put your money in over the next 12 months, a Bloomberg poll indicated.
This is the first time since 2009 that the U.S. slipped to second place to Europe as the top choice of financial professionals polled by Bloomberg.
In its Markets Global Poll, Bloomberg surveyed traders, money managers, analysts and executives, and 35 percent said that Europe fared better in spite the debt debacle in Greece.
The U.S. got the 33 percent approval from those surveyed because they are wary that the U.S. Treasury debt market had hit a snag that might soon be a bubble and the performance of the stock market had been led by the same companies involved in social networking and Internet stocks in the past three quarters.
The Bloomberg poll revealed that investors are upbeat with the recent performance of the U.S. dollar, which was chosen as the asset to go for long these days.
On the other hand, the poll respondents are not bullish on oil, with 12 percent anticipating that crude prices would rise above $75 a barrel by end of 2015. Forty-one percent expects that crude prices will remain until after 2016.
Investors polled by Bloomberg are discouraging investments in Brazil, Russia and China, which they say will be in the doldrums in two and a half years.
