Citi Strategist: No Bull Market in 2009, but Market Set to Rally

Some interesting 2009 predictions from Citi strategist Andrew Howell:

• Market rally in the first quarter
• No new bull market in 2009
• Markets could stagnate later in the year
• Top markets are Israel, Czech Republic, Turkey, Egypt
• Outlook not good for South Africa, Hungary and other frontier markets
• Top sectors are telecoms and health care
• Top stocks are Aspen, Gazprom, Krka, MTN Group, MTS, Murray and Roberts, Orascom Telecom, Partner, Teva, and Tupras.