The year of living dangerously
2012 promises a rough ride for investors. Much of the industrialised world is engaged in a deleveraging process which will take several years and have negative consequences on economic growth. As a result, the global economy is extremely fragile and it won’t take much to trigger a major crisis.
Should we still be buying equities?
The last few weeks have been miserable for equity investors – the Euro Stoxx 50 index, for example, has slumped by 30% since 1st July. Whereas at the start of 2011, equity indices seemed set to return to their pre-2008/2009 crisis level, now some are even in danger of dropping below the levels seen at the very depths of the crisis.
Do the recent stock market declines represent a buying opportunity?
Equity markets have seen something of a nosedive since the end of July. Is this a buying opportunity?
Equity markets at a crossroads
The history of the stock market shows that there are two main types of markets. Right now, it is very important for an investor to know which kind of market we are in.
Investment strategy 2011 (fourth and last part)
Defensive sectors have significantly underperformed during the stock market recovery of the past two years. A number of factors are prompting me to think that this situation is coming to an end.
BL-Global Flexible EUR- Situation as at 24 January 2011
After suffering from the rise of the euro in September (cfr my post from 4 October 2010), BL-Global Flexible EUR’s NAV (net asset value) had a satisfactory last three months of the year.
Quantitative Easing (Part 2)
As was widely anticipated, the Federal Reserve has decided to resort to a
new round of quantitative easing. “QE2”, announced on Monday, will take
the form of buying around 75 billion dollars of government bonds per
month from now to the end of June 2011.
Some alternatives to traditional fixed income investmentsIn light of low government bond yields (the 10-year German bond yield has fallen below 2.4%) and the contraction of the interest rate differential between (investment grade) corporate and government bonds, investors need to get off the beaten track to get a higher regular income. Here are some suggestions: Some thoughts for the summer (3): Fiscal prudence versus economic slowdownThe economic statistics published in the last few weeks show that economic activity in the leading industrialised countries is starting to slow down again. |
Perspectives: macro-economic trends and market outlook Quarterly publicationPERSPECTIVESTo find out more about macro-economic trends and the market outlook. Click here to order! |
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2012
Latest comments
For gold to be in a bull market you need: - ...
Do the recent stock market declines represent a buying opportunity?
Le 25/08/2011 par Guy Wagner
After reading your analyse, I thought, "What about investing in ...
Do the recent stock market declines represent a buying opportunity?
Le 24/08/2011
Hi Guy, I'm a regular reader of your blog and ...
A Greek tragedy
Le 29/07/2011 par Ian Brown
hi Guy, great blog. Do you have an opinion on domestic and/or ...
BL-Global Flexible - Situation as at 10 June 2011
Le 15/06/2011
The problem is that: - Greece does not have a liquidity ...
Update on our investment strategy
Le 24/05/2011 par Guy Wagner