Greed Is Alive and Well in the World's Markets ; Investment Extra
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Summary
RICHARD BERNSTEIN listed his technology fund Eurovestech in London the day the NASDAQ market peaked in March 2000. Though his investors have trebled their money, recent stock market action reminds him of the 2000 tech bubble.
WE SHOULD be in no doubt as to how far markets have improved from six months ago. A far more stable stock market backdrop exists: no longer is there imminent financial systemic risk.See the full content of this document
Extract
Greed Is Alive and Well in the World's Markets ; Investment Extra
So far so good, but as Federal Reserve chief Ben Bernanke said, financial stability is a necessary but not sufficient condition for economic recovery.
With markets discounting a sharp, V-shaped recovery and pit...See the full content of this document
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