Няма да посъветвам никого да се нахвърля на акциите в този момент, самият аз взимах много малко последните две години и съм на рекордно ниво от кеш. Но все пак внимавайте с късите. Бикът може да изненада.
Ageing bulls could have more energy left than you might think. That’s the message from Royal London Asset Management in its autumn strategy update.
Entitled “Bull Markets Don’t Die of Old Age”, it points out that there are few signs of the imbalances that usually signal more bearish conditions.
In particular, it cites a lack of “excessive” levels of growth, valuation and leverage. “We are overweight stocks and looking to buy dips rather than sell rallies,” says the fund manager’s Trevor Greetham.
“At some point a sustained rise in inflation will trigger a concerted effort by central banks to tighten monetary policy, but we’re not there yet. Wage pressures remain muted and a slowdown in China is likely to keep commodity prices under control.” Royal London’s interpretation of previous stampedes is also supportive.
“Some market commentators are alarmed every time stocks reach new highs but this betrays a lack of historical perspective,” adds Mr Greetham.
Ageing bulls could have more energy left than you might think. That’s the message from Royal London Asset Management in its autumn strategy update.
Entitled “Bull Markets Don’t Die of Old Age”, it points out that there are few signs of the imbalances that usually signal more bearish conditions.
In particular, it cites a lack of “excessive” levels of growth, valuation and leverage. “We are overweight stocks and looking to buy dips rather than sell rallies,” says the fund manager’s Trevor Greetham.
“At some point a sustained rise in inflation will trigger a concerted effort by central banks to tighten monetary policy, but we’re not there yet. Wage pressures remain muted and a slowdown in China is likely to keep commodity prices under control.” Royal London’s interpretation of previous stampedes is also supportive.
“Some market commentators are alarmed every time stocks reach new highs but this betrays a lack of historical perspective,” adds Mr Greetham.
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