Source: Citywire 30/04/09In his latest prognosis on the market Anthony Bolton believes the equity bull market has begun.
Speaking in an interview on Bloomberg television, Bolton said: 'Things are in place for the bear market to have ended. When there’s a strong consensus, a very negative one, and cash positions are very high, as they are at the moment, I’d like to bet against that.' See interview here
Bolton highlighted financials, technology, consumer cyclicals and value plays such as retailers, automakers and construction-related shares as some his most favoured areas of the market.
His views come after HSBC Private Bank turned positive on equities on a 12 month view.
With concerns over the lack of liquidity and bubbles developing the corporate bond market and gilts sliding on the UK's spiralling debt position, is it time to make a fundamental shift back towards equities?
His views come after HSBC Private Bank turned positive on equities on a 12 month view.
With concerns over the lack of liquidity and bubbles developing the corporate bond market and gilts sliding on the UK's spiralling debt position, is it time to make a fundamental shift back towards equities?
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