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Time to Take a Long-Term View?

Friday, 27 Jul 2012 | 2:30 AM ET

"I think in the short-term we are in a situation where there is a lot of news flow to and fro, there are the catastrophists on one side who believe the world is coming to an end there is the compulsive optimists on one side who believe the opposite and the reality is somewhere in the middle," James Ross, European head of alternative investments at AllianceBernstein, told CNBC.