Dreaming of recovery

north america

In stockpicking, as in politics, timing is everything. And, rather than waiting for bad news to play out, investors must position themselves to the future if they are to take advantage of the opportunities the US market offers

"I have a dream" was the catchphrase from one of the most famous speeches in history. Martin Luther King's visionary and prophetic message was made on the steps of Congress in front of 250,000 civil rights activists in 1963. Would he have believed that 45 years later an African-American presidential candidate, Barack Obama, would take over the mantle of favourite? Yet with victories over Hilary Clinton in 22 of the last 30 primaries and caucuses, that is where we stand today. So unless Clinton swims against this tsunami of momentum, it seems likely that Obama will fight John McCain for the ...