Time to invest or time to profit?

JPMorgan Fleming Asset Management says its Investor Confidence Index is close to its all-time high since being set in April 2001. However, some institutional investors such as AXA Investment Managers and T.Bailey are urging caution over equity investments, if not across the board, then at least in certain sectors. However, perhaps the best evidence comes from those at the coal face and what they say about capital expenditure by their customers. Capex is a key measure of economic strength as it is money companies spend investing in their own futures. Those not confident about the...