Irish eyes are smiling

A buoyant equity market and the release of cash from Special Savings Incentive Accounts (SSIA) will further bolster the already strong Irish market heading into 2006. Compared to the strong performance of Irish equities in 2003 and 2004, when returns were 23% and 26% respectively, many investors believed last year's return of 19% indicated the upward trend had come to an end. However, there is nothing to suggest this is true. Despite the impressive out performance of Irish shares in recent years, equity valuations still look very attractive, particularly compared to bonds. Low relativ...