Markets ready for recovery

Writing articles at this stage of the market cycle is hazardous, as any predictions could look very stupid all too quickly. Having held distinctly bearish views about the equity market for the past 18 months, I still find it all too easy to think of reasons to retain a cautious stance. However, I am also understandably loath to miss any sustained recovery in markets, something that would normally be associated with an improvement in the economic environment. Indeed I am not alone as investors on the whole have been trying to call the turn for most of the last year. In 2001, there were...