Five reasons to be positive on equities

With Greece heading towards default, Spain in the doldrums, and the US starting to slow, it is hard to pluck up the courage to buy shares now, but Fidelity's equities guru Dominic Rossi has highlighted five reasons why things are not all that bad.

Rossi, global CIO of equities at Fidelity Worldwide Investment, said although equity markets - notably those in peripheral Europe - have sold off, there are a number of reasons why investors could be more positive about the outlook for markets. Rossi said: "The uncertainty associated with the eurozone crisis has weighed heavily on stock markets. Yet, as time has progressed and doomsday scenarios have been avoided, equity markets have switched out of panic mode, and grown accustomed to the possibility of a Greek default and Spanish and Italian bailouts." Rossi said a Greek exit and the...