 鲜花( 3)  鸡蛋( 0)
|
本帖最后由 小曲 于 2011-6-8 14:55 编辑 ) Q0 C1 m# e# [# c7 V* e3 }/ j
; d+ V) M' ^! M1 I( l' |5 |
Signature Market Roundup/ \1 j0 F6 w' L8 `, N
: l2 n; Y- z, P3 q! b2 h
8 f- y* N' G8 N9 Z
Eric Bushell
5 J/ g5 Q6 t& r% ?# F7 Q. SSenior Vice-President,
7 c' _8 R/ b* I6 fPortfolio Management/ p) S+ R4 e1 `5 t
and Chief Investment Officer9 D) L7 q* T! I& q' A" |
g2 Q! D g! }/ D% r4 \
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。1 {, U! O% `9 x# A$ J2 }2 ^: O
& B) L' A8 l& u& _) h
The second phase of the post-Lehman recovery in risky assets( {3 [2 @+ m2 E
may be drawing to a close in April 2011. The fi rst phase
$ A( _3 }0 U* X2 u4 lran from March 2009 to April 2010 and was halted by the) \( X4 R4 T" p0 B6 |8 r
European sovereign crisis and a U.S. slowdown. The second
4 w6 q" ~, {! d& D3 Iphase began with the U.S. Federal Reserve launching an
2 \9 W" a' N6 a4 junconventional easing policy dubbed QE2 in September
0 a* w5 w( {) b' b$ D, X" B n2010. This action saw investors exit the dollar and scramble8 g" f( v, \: E2 A7 \
for real assets ranging from property to commodities, credit
, T! p( o) Z" N5 N5 a. ?" G9 sand equities. As we near the end of this policy, prospects
% R; I' r# @# H. Kfor dollar stabilization grow; this would be helped through B, n) Z2 G" G, C# }5 }
U.S. fi scal retrenchment and relief on the part of bond
& R; C7 |# N0 L/ o' N, Vmarkets. Given the success of the policy and the heightened
$ ~, e5 ?, q8 Xuncertainties elsewhere, it may be time to move to a more' }* V! O( J2 X4 f, ^) D" ^* c
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