Panic provides opportunities

Panic and forced selling are creating excellent opportunities in the equity market, according to Robert Waugh, head of UK equities at Edinburgh Fund Managers. Speaking at the Investment Week Markets Forum earlier this month, Waugh argued that bear markets following bubbles often present investors with good buying opportunities. He pointed out that during the past 12 year bear market in Japan there have been nine rallies with an average rise of 30%. He said: 'It's like the shop is closing down and everything is going for £1. Forced sellers, such as insurance companies, are presenting grea...