20 ordspråk av Andrew Bell
Andrew Bell
Bond markets seem to have decided that perhaps there is a bit too much growth, not so much that they're fearful of a big break up in inflation ... but that central banks are going to keep chipping away at the foundations of cheap money.
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Christmas proved to be less difficult than people were expecting. Retailers expected a dull Christmas, so they didn't overstock and have had less discounting to do.
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I don't think there is a huge amount of news content in the strikes. The news would be if they stirred up a major hornets' nest of political controversy or if there was an unacceptable amount of damage.
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If people feel they got screwed, I'd be happy to show them everything. I've never heard of any real big problems with the elections.
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If you see a burning couch, don't pour gasoline on it,
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It's a great day for photos, which many of them will take for their sponsors.
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It's reasonable to assume that equity markets will make money this year. There's nothing like the end of an interest-rate cycle to get investors' juices flowing.
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Markets are more confident that the central banks and G7 governments are determined to underwrite a recovery for next year. As the shockwaves of last month's events subside markets are backing that with a bit more confidence.
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The market is only trading on about 13 times this year's earnings, which is hardly suggestive of irrational euphoria, and growth is still coming in quite strongly. I think there's an expectation that there will be further bid activity during the year.
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The market's mood is that the economic outlook is probably going to continue to muddle through; that we've been through the worst that we're going to go through on the oil price, and equity markets are not that expensive,
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There is improving confidence in the durability of this Nasdaq rally,
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There's a sense that there's a reasonable momentum behind the world economy. For the moment people are probably increasing their growth expectations for this year.
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To keep the spending momentum going beyond the holiday period I think shops are going to have to discount quite heavily so I would sell the retailers into the current rally.
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We need to explain to people what it means to be a Spartan.
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We want to show people about folk art and inform them.
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