The past few months have presented tough challenges for investors. The underlying sensitivity of the...
The past few months have presented tough challenges for investors. The underlying sensitivity of the market means that bad news - rumoured or otherwise - is punished, and liquidity can still evaporate very quickly. Trading in this kind of environment can be difficult, and we have already seen evidence of credit issues persisting into 2008. At this juncture, the market is anticipating significant writedowns from Wall Street. This situation looks unlikely to ease until the second quarter of 2008, when we would hope for greater clarity surrounding financials. Liquidity is also back to August...
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