BlackRock has advised clients to be ready to pull out of global stock markets at any sign of serious trouble
by Ambrose Evans-Pritchard
Telegraph.co.uk
BlackRock,
the world’s biggest investor, has warned that central banks are poised
to tighten monetary policy in the Anglo-Saxon countries and China,
advising clients to be ready to pull out of global stock markets at any
sign of serious trouble.
“2014 is the year to squeeze more juice out of risk assets. But
investors should be ready to discard the fruit when it starts running
dry,” said Ewen Cameron Watt, chief strategist for the BlackRock
Investment Institute.
The group said in its 2014 Investment Outlook that investors have
“jumped on the momentum train, effectively betting yesterday’s strategy
will win again tomorrow”, but vanishing liquidity could leave them
trapped if the mood changes. “Beware of traffic jams: easy to get into,
hard to get out of,” it said.
Continue Reading at Telegraph.co.uk…
Please share this article
No comments:
Post a Comment