The show must go on
August 23rd 2007 12:03
It is the same story again, that things will turn out fine over time. It will soon be a month that such sentiments were repeated on this website. But then again, it takes time to drive home the point. Of course, this message is for 'investors'.
New York-based wealth manager, Russell Bailyn, is among the many optimists in the crowd. "Overall, my feeling is that both stocks and bonds are now priced at more attractive levels. I don’t believe we’re about to face a major recession or anything drastic like that. My view is that private equity firms and hedge funds have really created some waves in the market. The broader economy should be able to protect itself against further declines in price level. Remember, traders focus on the daily swings in stock and bond prices. Investors don’t."
Let's hope that some rationality made a come back into the markets.
Another day in the positive zone, the second last session of the week for the benchmark ASX S&P 200 index added 2.6%, lead by the mining boys after BHP Billton posted some healthy profits. The index closed 154.7 points higher to 6.159.7 points. It will certainly look good for the market to sustain the week without the reds.
Meanwhile, this writer is keeping an eye on some quality bargain shares.
New York-based wealth manager, Russell Bailyn, is among the many optimists in the crowd. "Overall, my feeling is that both stocks and bonds are now priced at more attractive levels. I don’t believe we’re about to face a major recession or anything drastic like that. My view is that private equity firms and hedge funds have really created some waves in the market. The broader economy should be able to protect itself against further declines in price level. Remember, traders focus on the daily swings in stock and bond prices. Investors don’t."
Let's hope that some rationality made a come back into the markets.
Another day in the positive zone, the second last session of the week for the benchmark ASX S&P 200 index added 2.6%, lead by the mining boys after BHP Billton posted some healthy profits. The index closed 154.7 points higher to 6.159.7 points. It will certainly look good for the market to sustain the week without the reds.
Meanwhile, this writer is keeping an eye on some quality bargain shares.
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