Three in four financial advisers argue the current recovery in equity prices is nothing more than a bear market rally, despite some words to the contrary from investment guru Anthony Bolton this week.
According to a study of more than 250 financial advisers by software provider 1st The Exchange, the worst is not over for UK investors. The sentiment defies comments from Fidelity president of investments Anthony Bolton this week, who said the green shoots of recovery suggest an equity bull market has already begun. Findings from 1st the Exchange suggest 75% of advisers think the current stock market recovery is a bear market rally, while 71% believe rising equity prices have been driven by money being reallocated from other asset classes, rather than new investment. "The FTSE has ris...
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