The bear market is set to return next year and investors' misery will be compounded by a collapse in...
The bear market is set to return next year and investors' misery will be compounded by a collapse in house prices and a potentially damaging corporate credit crunch, Crispin Odey forewarned. Odey, founder and joint-chief executive of Odey Asset Management said while most major markets have posted double-digit growth over the course of 2003 after three years of negative returns, he believes this amounts to a blip in the bear market rather than a wholesale global recovery. "This looks like a long-term bear market. Most typically have a good fourth year and our outlook for next year is not...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes