Credit Suisse says equities are in a "difficult cycle" with the ISM rolling over and earnings...

|By:, SA News Editor

Credit Suisse says equities are in a "difficult cycle" with the ISM rolling over and earnings revisions turning negative - usually leading to a sideways market at best - but they're still overweight stocks it says are discounting a 10% earnings decline in 2011, "which is probably overstated."