 鲜花( 3)  鸡蛋( 0)
|
本帖最后由 小曲 于 2011-6-8 14:55 编辑 0 c$ @; p8 m9 S" d
- R) i: e% f# ]3 u, Q w& w
Signature Market Roundup
6 P! w' z! |' F) R7 R( @5 u; R' G! o' I
7 g' ?. V- F& e3 `4 w' k+ b
Eric Bushell/ H2 A ^, o {) e8 k3 T
Senior Vice-President,0 Y- c0 r' z6 E4 F
Portfolio Management$ U7 k; N) D: R, v& `( B7 F) v6 i
and Chief Investment Officer
5 {/ J: _! |2 y' C+ E
, X; ?7 K j& }! n/ F) i自lehman倒台后美国第二阶段的风险投资的恢复到四月底基本结束了。第一阶段是从2009三月到2010四月， 但被欧洲的债务危机和美国的减慢中断了。第二阶段是从美国联邦储备局2010年九月份开始的非传统的缓解政策，被称为QE2. 这个运作造成投资者抛售美金抢购房地产，商品期货，贷款，和股票。现在这个政策趋近结束，美金趋于稳定，这会帮助美国财政缩减，解除政卷市场的压力。面对美国QE2政策的成功，而世界其他地区都非常不稳定，现在可能是时候将投资定位到中性风险。9 X$ I: l, Q. B) J& D
; ]& g2 l0 a- ?' @ ^
The second phase of the post-Lehman recovery in risky assets
. w+ y$ v/ X( rmay be drawing to a close in April 2011. The fi rst phase
% H4 Q9 A6 a, Mran from March 2009 to April 2010 and was halted by the8 [+ p+ j% ~1 m& m, O1 K1 q
European sovereign crisis and a U.S. slowdown. The second+ U+ l$ m8 A# H% W8 \' {
phase began with the U.S. Federal Reserve launching an! L2 l1 K7 t4 Y. F' w; G
unconventional easing policy dubbed QE2 in September. _7 m$ K; W0 q, i
2010. This action saw investors exit the dollar and scramble
X. G) P" d, C1 D0 u8 |: F4 n4 f2 lfor real assets ranging from property to commodities, credit/ E1 c! Z1 x5 B% D
and equities. As we near the end of this policy, prospects
3 G; a4 n, l9 U+ |1 i. }1 h6 `for dollar stabilization grow; this would be helped through; T9 ` S3 J- H* F' W; v) q
U.S. fi scal retrenchment and relief on the part of bond
; O, c" S+ z4 Z$ w7 S# b) Ymarkets. Given the success of the policy and the heightened9 D/ \. w6 Z8 r
uncertainties elsewhere, it may be time to move to a more4 [9 x) u3 }/ M6 e' d$ l' n+ ^% @
neutral risk positioning. |
|
狗仔卡
发表于 2011-6-8 13:44
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡