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本帖最后由 小曲 于 2011-6-8 14:55 编辑 5 h+ w8 x9 M2 d& {: g# y
0 x f) m1 p" cSignature Market Roundup
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" M4 _& l5 m2 w: Y, Y8 o3 aEric Bushell& O6 V: s3 d; k
Senior Vice-President,5 R& |+ _3 U- f6 h* ]7 j1 a
Portfolio Management
9 O# d, ]# V9 M8 b- B" B" \and Chief Investment Officer
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自lehman倒台后美国第二阶段的风险投资的恢复到四月底基本结束了。第一阶段是从2009三月到2010四月， 但被欧洲的债务危机和美国的减慢中断了。第二阶段是从美国联邦储备局2010年九月份开始的非传统的缓解政策，被称为QE2. 这个运作造成投资者抛售美金抢购房地产，商品期货，贷款，和股票。现在这个政策趋近结束，美金趋于稳定，这会帮助美国财政缩减，解除政卷市场的压力。面对美国QE2政策的成功，而世界其他地区都非常不稳定，现在可能是时候将投资定位到中性风险。
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The second phase of the post-Lehman recovery in risky assets& w/ \* ^7 b8 g3 Q" J# s* r( |
may be drawing to a close in April 2011. The fi rst phase
. l3 @5 f- u' W$ Iran from March 2009 to April 2010 and was halted by the% S" U$ |; n' z( q& j7 Z; J
European sovereign crisis and a U.S. slowdown. The second
) H5 N& a& l I, p( m! Vphase began with the U.S. Federal Reserve launching an
4 D! Y; V) E' }8 F8 Cunconventional easing policy dubbed QE2 in September
! M0 }$ l# g/ }2 Y) W2010. This action saw investors exit the dollar and scramble
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and equities. As we near the end of this policy, prospects
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U.S. fi scal retrenchment and relief on the part of bond9 D+ f9 a$ ~8 k3 E8 Q: E
markets. Given the success of the policy and the heightened1 r7 |, i9 O+ Z1 q/ ^2 N/ }5 r* _
uncertainties elsewhere, it may be time to move to a more
5 B( V8 ~$ V' V2 o0 `0 V( y3 qneutral risk positioning. |
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发表于 2011-6-8 13:44
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