Countdown to 2008 Senate event

Recent market events have been challenging for all equity investors, but the news is not all doom an...

Recent market events have been challenging for all equity investors, but the news is not all doom and gloom. There is great uncertainty as to the economic outlook. The pessimists forecast a 1930s-style depression while the optimists argue the current situation is a healthy correction to recent excesses and that central bank actions will work. In the short term, there will be more gloomy news. However, stock markets often rise on a wall of fear as they anticipate improving prospects. What is clear is that in all but the direst economic conditions, many shares offer compelling value and...