Morgan Stanley here in Adelaide have released their December Investment Viewpoint.
"Though the recent news flow and outlook on global growth remains positive, our asset allocation analysts have trimmed their tactical overweight in equities to lock in some of the strong outperformance (particularly versus defensive asset classes like bonds) over the last 17 months. However, they still expect further upside over the coming year on the basis that liquidity remains ample, confidence is improving, and earnings revisions will turn positive. Indeed, they forecast the ASX200 to reach 6100 by year-end 2014."
Read more: Morgan Stanley Investment Viewpoint December 2013