The sustainability of any strength following the mid September bounce seems unwarranted on fund...
The sustainability of any strength following the mid September bounce seems unwarranted on fundamental grounds says Carl Stick, manager of the Rathbone Income Fund. With this in mind, Stick is adopting a defensive stance. He argues that the risk to earnings seems to be on the downside and sees a heightened possibility of further external shocks to confidence, whether through further terrorist attacks, an escalation of the conflict in Afghanistan, or increased tension in the Middle East. Stick's long term strategy is to maintain a well balanced portfolio but his current bias is ...
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