Time for the "surprises" for 2010

Morgan Stanley had a bunch of surprises yesterday:

A stronger dollar, the outperformance of Big Pharma, and a fiscal crisis in the U.

And then these surprise possibilities

• late cycle credit crunch
• mew commodity spike
• bond yields going down
• country-specific political risks in Europe

That's the Reader's Digest version of the 72 pages--but its a worthwhile read.

Key Surprises for 2010 - Europe    

UBS chimes in with their 10 surprises also: