Viewpoint

Recent economic data has not been encouraging with high oil prices, numerous profit warnings from th...

Recent economic data has not been encouraging with high oil prices, numerous profit warnings from the High Street, falling economic growth rates and ominous warnings from Mr Greenspan. But in a phase such as this when the stock market could well have entered a bubble and few see bonds as particularly attractive, where does an investor go? Fund managers are finding it difficult to find value with too much money chasing too few quality stocks. The property market is falling back and, in my view, has been long overdue a major correction, although it may be held up somewhat by the Pensions ...