logo

This is not the moment for novices to buy shares but professional market-watchers are sure that we should sit tight on

Posted by admin   ·     ·   Jump to comments

This is not the moment for novices to buy shares, but professional market-watchers are sure that we should sit tight on existing equity investments - even if the UK is going into a bear market. "We take a long-term view that investors should ride it out," says David Harbage, fund manager at Barclays Stockbrokers. He suggests that anyone who sells their shares and goes into cash, in the hope of avoiding any bigger falls, may be making a big mistake. THE JITTERY state of the stock market is bound to make investors nervous.

While steel and energy companies are getting pummelled amid declining commodity prices, "much of our trade involves advanced technology manufactured goods, computer software, entertainment and publishing, and high-level services," she wrote to clients. "Many of these items are not overly sensitive to the general level of global economic activity."Still, in the most recent quarter, virtually all the 30 stocks in the Dow average - from JP Morgan and American Express to DuPont - said the slowdown in Asia affected their results.. "But regarding the cobined former Soviet Union - that whole area takes in less than 1 per cent of US exports. The order of magnitude of trade to Russia is statistically so small that it doesn't matter to the US."Ms Cohen added that while trade with Asia accounts for one-third of US exports, it makes up just 4 per cent of US gross domestic product.She said that operating earnings for companies in the Standard & Poor's 500 Index grew 6 per cent in the second quarter of the year. Investors and traders are concerned that a financial collapse in Russia could further undermine the Japanese economy."It's a cliche that traders don't like to hold stocks over the weekend," said Ed Laux, the co-head of equities at ABN-Amro. "But it's true that people don't want to hold stocks because they don't know what will happen in Russia There's a heightened level of uncertainty. A lot can happen when you're on the beach or the golf course."Yet Ms Cohen told her clients on Thursday that a global recession is nowhere in sight."What's happening in Russia is important for Russia," said Ms Cohen.

Japan's economy, the world's second-largest, will probably contract by 1.7 per cent this year, according to the International Monetary Fund Declining demand undermines US exports. "They were trying to take art out of church buildings and put it in the marketplace, but mainstream Christian culture didn't like this blurring of boundaries, and that's been the case with Greenbelt ever since," said festival manager Andy Thornton, who is putting the finishing touches to this year's festival, at Deene Park, near Corby. I thought it was going to cost a lot on top of the base cost in terms of food and drink, but people didn't eat anything; you couldn't tear them away from the screen."Mr Flanagan, meanwhile, hopes to expand his business to hosting corporate events, as well as team training sessions. And a collapse of Japanese banks, which are weighed down by billions of dollars in bad loans, would have a big impact on markets around the world.Russia's stock, bond and currency markets have tumbled as investors fret that Moscow will devalue the currency.

readers comments

Comments are closed.

NBA

NBA

MLB

MLB

NFL

NFL

NHL

NHL

WWE

WWE

Your sideblock text goes here