I like the banks, they're cheap and there's a desperate need for income in this market and the banks offer it. |
Japan is making investors nervous. The U.K. market has had a pretty much uninterrupted bull market, so the potential for profit taking is large. |
Sentiment is good in the UK at the moment, if you look across valuations they're not excessive. It's currently just being led up by miners, there's got to be a bubble at some point but if you take a very long term view, commodity prices have probably got further to go. |
The U.K. market has had a pretty much uninterrupted bull market, so the potential for profit taking is large. |
To get to those last few barrels out there is more expensive than the easy ones. They're all looking for the giant fields because mature fields are declining. |