Despite headlines, now is time to invest in US

The dollar is both weak and highly volatile. Economic growth in the US seems likely to slow sharply this year. Fear and rumour still stalk the dealing rooms of Wall Street. Despite the headlines, however, this is an excellent time to invest in the US stockmarkets. Admittedly, there is no shortage of bad news. But most of this bad news is already discounted in share prices. Wary after recent disappointments, a nervous market ap-pears to be disregarding the potential for economic or corporate news to surprise on the upside. We are far less gloomy. We believe that the Federal Reserve, acti...