Bank of America believes the U.S. will tip into a recession, and that could have spillover effects on other regions — including Asia. "In the past seven U.S. recessions since 1973, Asian equities fell by an average of 50%, and [earnings per share] contracted by 30%. Both shallow and deep recessions were awful for Asia," Bank of America's strategists, led by Ajay Singh Kapur, said in a note dated Jul. 18. The bank is expecting a "shallow" U.S.
Stock picks to reflect 'cowardice' So how should investors position in such an environment? "We reproduce our 26 stock defensive, high quality basket of names – BofA Buy-rated large stocks with low price and earnings volatility, high profitability and high dividend yields – that reflects our cowardice, and need to survive beyond the trough," Kapur said.
If you arent able to do due diligence, just buy into index funds and let it sit. Once the market goes up again you'll at least make a few bucks
[ this is the list where they place all their shortsb]