Bull against bear
Financial markets, macro economics, politics and everything else concerning the global markets. The writer is a long time investment banking operative in the nordic markets. The blog is usually updated once a week with specific trading advice. On a monthly basis, the goal is to provide a strategy update. In addition to that, there will be posts of more general content, housing bubbles, investment strategies and more.
December 2, 2008
Diskonterat enligt JPMorgan
LONDON (MarketWatch) -- J.P. Morgan European equity strategists said that they are overweight European stocks versus U.S. stocks for 2009. They believe that European equities offer better value than U.S. counterparts and that some of the the headwinds that pressured European equities compared to U.S. stocks in 2008, such as rates and currency, are becoming tailwinds for 2009. They also noted that investor sentiment is very cautious and that equity valuations are very attractive on most measures. "With investor confidence at a record low, one does not get paid to be bearish on equities in 2009 and we advise buying stocks on dips," they said.
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