Advisers need to show imagination to buck downturn

I've come across a few investors ' individuals and those representing institutions, who have capitulated. They no longer believe the story that the best place over time for your money is the equity market. They want out. For them it is not a question of a short-term shift or a temporary safe haven but a long-term re-balancing of their portfolios. Advice to buy on the dips provokes a hollow laugh from these players. They believe we are in the early stage of a suckers rally. For the moment, they have parked funds in short dated bonds or the newly revived money market accounts. As stock pric...