Credit freeze delays low point of bottoming US market says Kaye

Several historical factors imply the US market is close to bottoming but the credit freeze has delay...

Several historical factors imply the US market is close to bottoming but the credit freeze has delayed the low point, according to Dalton Strategic Partnership's Peter Kaye. Speaking at the Investment Week US Investment Focus event last month, the bullish manager of Melchior North American Opportunities said liquidity has not moved to the necessary parts of the economy and a credit thaw is vital for recovery. He is currently seeking signs of an inflection point and believes there is typically another thematic waiting to take off as one bubble comes to an end. "If you look at history, ...