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WHAT IS THE INVESTMENT SURPRISE?
In our view, that despite the depressing experiences
of markets from 2000 to 2003, the Bull market
which started in 1982 remains intact.
We also see it continuing as the "demographic
drivers" remain very positive for the
long term outlook.
Market action remains stubbornly bullish in the
face of massive disbelief and adverse comment
from "experts".
Monetary conditions remain stimulative.
Economic prospects are on the recovery path and
so are those for company profits.
The upturn in Bond yields has not reached levels
that represent a serious threat to equity market
valuations.
From the decennial-pattern lows of July 2002,
the USA has led the charge. The recovery potential
of the Far East and emerging markets is starting
to be reflected. With the exception of Japan,
the "demographic drivers" for the Far
East region look outstanding for the years ahead.
Our analysis shows that we have entered Part
III of the "Wall of Worry" bull market
that started in 1982.
As a fellow investment professional, we welcome
you to our website. Our intention is to provide
a suite of funds and research products to help
turn the confused and depressed investor into
an informed and rewarded investor.
Thank you for your interest;
please contact us for any further information
that you may require.
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