Bolton reinforces banking calls, despite transparency concerns

Fidelity's Anthony Bolton has reinforced his contrarian bullish call on banks, despite highlighting ...

Fidelity's Anthony Bolton has reinforced his contrarian bullish call on banks, despite highlighting issues with their lack of transparency on loan books and lending practices. Elsewhere, the ex-Special Situations manager expressed concerns over commodities and the sustainability of China as a growth story. Bolton's short-term market outlook is optimistic, citing March's bottom as encouraging, although he believes the actual low for this bear market will come later in the year or early 2009. Against this background, he stressed 2008 is a time to invest in quality, strongly financed com...