Expect 1960s-style returns in North American market

Invesco Perpetual's US equity team sees some striking parallels between the market now and that of t...

Invesco Perpetual's US equity team sees some striking parallels between the market now and that of the early 1990s, and believes there is still scope to make good money from quality shares. Fund manager Ian Brady noted that in the early 1990s investors were coping with the US Savings and Loan crisis, financial scandals surrounding Michael Milken and Ivan Boeksy, the bombing of the Pan Am flight over Lockerbie and an imminent war in Iraq. A decade later, they were recovering from the 'tech wreck', as the bubble in technology stocks burst, the consequences of the 9/11 bombing in New York, ...