I was a frequent trader,
particularly prior to and during the Great Crisis; my investment strategy in
recent years has tended toward buying when others are selling I looked at the 2008
crisis as a buying opportunity, particularly for good quality preferred shares.
Right now, I don't like the market; it is frothy and, in my opinion, is
not based on any fundamentals that I understand. That said, apparently
many investors would disagree with me and, in a hunt for return in this
prolonged near-zero interest rate environment, desperation for yield reigns supreme.
What is most surprising is that one
group of investors is increasingly turning to equities to boost the portfolios
that they manage; central bank reserve managers.
No comments:
Post a Comment