Out-of-favour groups best equipped to deal with global conditions

With equity markets rallying strongly over the last two months, trading conditions in money markets ...

With equity markets rallying strongly over the last two months, trading conditions in money markets improving somewhat and bond yields backed up to levels that suggest the ravages of a prolonged deflationary period can be avoided, investors might feel the worst of the financial crisis has past. Indeed, there have been calls by some commentators that we are now starting a brand new bull market. We, like many, undoubtedly feel a little chirpier as the economic news has become less negative (if not good) and the recovery in equity prices has made investors feel more confident. Or has it? Loo...