If it feels like we have been in this kind of market environment before, that is because we have been
Equity markets started the year optimistic, but as summer appeared, it has quickly turned for the worse. What investors hate the most is uncertainty, and in Europe that is sadly what we have in abundance. Politics is driving the market, with voters in Greece taking investors to the wire in terms of their future participation in the eurozone. You might feel that what you are reading now has been cut and pasted from 12 months ago, but the situation is more acute now. Key decisions can no longer be deferred. However, unlike the demise of Lehman, which was a shock to the global financial ...
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