Gibbs shorts UK stocks on deficit fears

The Sunday Times reports Gibbs, who has assumed the position in his recently-launched Jupiter Absolute Return fund, says there is a "fairly significant" risk of price falls this year because of mounting global debt problems. Gibbs has also turned cautious on a number of bank stocks this year, selling some holdings in banks - such as Barclays, JPMorgan Chase and Goldman Sachs. "I think investors should be aware there is a fairly significant risk of price falls this year because of government deficits. On the other hand, there is economic growth, but it is not appropriate to take on too...