 鲜花( 3)  鸡蛋( 0)
|
本帖最后由 小曲 于 2011-6-8 14:55 编辑
+ r! A; m5 `$ h- ~! c# P* v" m, \1 m
Signature Market Roundup, e3 y ?6 w |' @
, E. \$ ^4 p# t- K
3 i- L/ Z1 d7 }
Eric Bushell' C: C, m, v: S3 h9 O' G2 Y
Senior Vice-President," H" ]$ ?/ ~, K% j! J4 y, x
Portfolio Management
) G! t1 P3 m/ s J5 Pand Chief Investment Officer
- C& v; b3 g0 s0 Y, p' q1 C5 p! R5 V! @( s
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。8 r' b0 o W, M* u% `
; k- b% \8 {8 R& w
The second phase of the post-Lehman recovery in risky assets
! F, F, W/ V1 ]4 P8 I$ U3 Emay be drawing to a close in April 2011. The fi rst phase( I# M9 U9 ^7 A4 H
ran from March 2009 to April 2010 and was halted by the
# X" F# a% {: JEuropean sovereign crisis and a U.S. slowdown. The second( H8 _/ @3 j- A& {9 R' f8 u
phase began with the U.S. Federal Reserve launching an
/ I# N; T; j$ ^. q% i1 ^( hunconventional easing policy dubbed QE2 in September% w* L9 \' S, q- M) Q8 T4 U
2010. This action saw investors exit the dollar and scramble( \ ?; k$ D' l* c6 \6 h
for real assets ranging from property to commodities, credit8 a V% e# w# ]- y
and equities. As we near the end of this policy, prospects
5 K$ g! |% V( f: Ufor dollar stabilization grow; this would be helped through
- w/ f* T" g8 R4 N0 V! U) tU.S. fi scal retrenchment and relief on the part of bond% A: q/ p- \1 @" ]" s; `
markets. Given the success of the policy and the heightened! ]+ r3 P; K5 Q0 q* T5 t
uncertainties elsewhere, it may be time to move to a more5 y4 T% ?+ Y( l0 x0 x6 j4 E1 }: T
neutral risk positioning. |
|
狗仔卡
发表于 2011-6-8 13:44
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡