Nomura's Bob Janjuah: Outlook and Strategy for 2012

This is a couple days old but was inadvertently dropped into the link-vault rather than the link-queue, sorry about that.
From FT Alphaville:

Bob the Bear is expecting more of the same in 2012

The traditional 2012 outlook report is not for Bob ‘The Bear’ Janjuah and his sidekick Kevin Gaynor. The Nomura strategists want to keep things simple and to the point.
So their final note of the year comes in the form of Q&A.

1- Where are we in the post-crisis work-out?
2- Where are we in the business cycle?
3- What about policy?
4- What’s priced in?
5- What about market conditions?
6- What investment strategy and style for 2012?

Rather than go through each question in turn, we’ll skip to #6 which sums things up very nicely....MORE