Options running out in the battle against recession

Professional Adviser
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With the price of oil set to spike sharply, few strategies are left for stopping the downturn from getting more serious

So, what next? In the past few months, you have dumped the last of your telecom holdings, taken profits on the best oil stocks (who sold Enterprise Oil in July?), loaded up a little heavily on corporate bonds and sold everything you ever had in emerging markets. Defensive stocks like Tesco and Merck looked pricey when you managed to grab a handful earlier this year but now you realise you had a bargain. Praise your wife, who looked blank when you tried to explain the simplicity of split-capital trusts. Her confusion sowed a seed of doubt that delayed your purchase of that must-have produc...

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