Credit Suisse Estimates 12% Rally in Global Stocks by Mid-2010

(Bloomberg) -- Credit Suisse Group forecasts 12 percent gains in global equities by mid-2010 followed by a “renewed bear market” as the U.S. Federal Reserve keeps interest rates unchanged until the fourth quarter of next year. Credit Suisse is “overweight” stocks, saying equities “clearly look more attractive” than corporate bonds, according to a research report by London-based Andrew Garthwaite, Credit Suisse’s managing director for global equity strategy, today.