'For the time being, the jury is out on whether that is a sensible strategy. |
Selling assets to reinvest in expensive companies is not normally a sound strategy. |
The full-year results season coming through in Europe so far looks pretty positive. |
The news today would've had to been pretty dreadful to push the stock down further. |
The outlook for equities in Europe remains pretty reasonable over the next 12 months. |
There will be good and bad results as the impact of the weak dollar has been priced in in some stocks but not in others. |
We don't know how big the (Rita's) impact will be but the market is being quite rightly a bit cautious ahead of what is an unknown. |
We don't know how big the (Rita's) impact will be but the market is being quite rightly a bit cautious ahead of what is an unknown. It's not just the hurricane; U.S. rates are rising along with other different things, and valuations are just not as cheap as they used to be. |