The main driver for the global economy is coming from emerging markets, said investment experts at Morgan Stanley Smith Barney at a breakfast in New York City on Wednesday on the firm's outlook for next year.

“We think we are in a multi-year bull market that began in March 2009,” said Global Investment Strategist Charles Reinhard. “We have been saying that since April 2009 when conditions were lining up- low inflation and inexpensive pricing. There is an opportunity in equities.”

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