Big winners cancelled out by losers

Few investors have made money in equities recently. The price volatility has provided us with opportunities but balanced portfolios have seen big winners negated by the losers. If we had switched from growth stocks like technology to defensives in March, we could have doubled our money, but the index lost ground because of concerns over lower corporate earnings and the de-rating of growth stocks. The current market is the reverse image of last year's, with investors are seeking refuge in safer stocks. The worlds' major economies are slowing rapidly, led by the US. Consumer confidence is ...