Luckraft: Q2 '09 results will see market bottom

Market bottom will come upon release of Q2 results

Axa Framlington equity manager George Luckraft believes the market is likely to bottom once companies release their second quarter results this summer. Luckraft, who runs the £122m Monthly Income, £63.4m Managed Income and £180m Equity Income funds, says while many analysts are expecting poor Q1 results, they may be unprepared for this to continue into Q2 reporting in July. "The dangerous time comes in pre-announcing for the second quarter because I do not think it will be much prettier and by this stage there is a good chance we may have seen the bottom of the market," he adds. Luckr...