Have the Equity Bulls Got it Wrong?

3:30 AM ET Fri, 13 July 2012

"A bit more egg on analysts' faces, we have seen in the face of some really appalling economic data that this should have been a road map for people to cut their estimates but that didn't happen, so we are seeing a lot of bad surprises now for investors," Tom Bergin, European corporate strategy correspondent at Thomson Reuters, told CNBC.