 鲜花( 3)  鸡蛋( 0)
|
本帖最后由 小曲 于 2011-6-8 14:55 编辑 & Q2 o& {8 {; z9 i- d) @
) X+ R# N. k6 h) G
Signature Market Roundup
y5 q" E! |7 Y# W: X
/ Q3 p) S X: R
& g/ H# p2 }- [: V& T) l$ h/ W
Eric Bushell, @' Y! N% T# K& x
Senior Vice-President,
8 v" V) h% _0 D H1 s# U; GPortfolio Management \( Q: v8 D! _. v( m
and Chief Investment Officer
$ D' `( z9 ?; [, _: p6 G L7 x3 s/ M* l
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。$ E1 ^. Q# o. ^4 o
( y& J& t4 i5 q* ~2 j7 N% @The second phase of the post-Lehman recovery in risky assets9 K1 K9 R% ^1 y/ b+ h, m+ ?
may be drawing to a close in April 2011. The fi rst phase3 ? H% L9 R+ X M) I
ran from March 2009 to April 2010 and was halted by the1 v9 e B6 m* Y) {; |! r4 \/ z
European sovereign crisis and a U.S. slowdown. The second4 u- ?3 L1 z- m7 K5 b
phase began with the U.S. Federal Reserve launching an! R7 P, W% L& F- w
unconventional easing policy dubbed QE2 in September% e' }1 o ^2 a# O+ Y" e5 d
2010. This action saw investors exit the dollar and scramble0 z: a8 ~& s( P3 y7 d
for real assets ranging from property to commodities, credit$ v6 j% S. z: a l% ]9 x
and equities. As we near the end of this policy, prospects& ~) ]* t3 o( y
for dollar stabilization grow; this would be helped through9 @" H9 T# w7 n. ]1 N/ E+ }
U.S. fi scal retrenchment and relief on the part of bond
* a2 N0 J3 O) pmarkets. Given the success of the policy and the heightened
4 }% ~6 P1 W& n' A7 \8 juncertainties elsewhere, it may be time to move to a more) w8 t' F; A8 v ?: K2 j
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