Felix Zulauf still confident in his January recommendations

As the events are piling up in Europe, the following says will drive the markets for the next few months. The Swiss investment manager Felix Zulauf is not worried of the elections that are coming around the world and remains confident in the prognosis that he made in the beginning of the year.

He confirmed that he is sticking with his January recommendations. In the short-term, equity and commodity markets are making a low. They are oversold. The euro zone will come up with new quick fixes later this month and markets will attempt to rally. He added that he sees a cyclical bear market continuing well into 2013.

And if the ECB doesn’t step up will the US Federal Reserve provide funding or buy directly Spanish debt on to its balance sheet.

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Felix W. Zulauf is the owner and president of Zulauf Asset Management - Switzerland-based hedge fund that offers global advisory services. Zulauf is an independent investment manager seeking absolute return.