 鲜花( 3)  鸡蛋( 0)
|
本帖最后由 小曲 于 2011-6-8 14:55 编辑 & T3 \5 N& K+ x; {( L% Y/ [
0 \# a( x7 m5 g! c8 E/ y. A
Signature Market Roundup( u& z2 C0 E: |
$ E8 L3 C5 p( d3 U6 F! Z% O) p
- o! X0 `7 w7 S& ^9 Z/ NEric Bushell0 a9 u) W2 O* o1 d% L- J7 f
Senior Vice-President,: w% }6 o5 ^- p
Portfolio Management
5 o+ @# S# T8 K) Y* nand Chief Investment Officer0 X$ g+ m+ o- y0 G \* n
8 r l' d, e0 ?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。# z# S' J% L6 u E1 e
& x* l- x5 n+ B% E2 D9 w. D- t: T4 R- V
The second phase of the post-Lehman recovery in risky assets
1 r1 y/ ~( n$ T2 B Qmay be drawing to a close in April 2011. The fi rst phase
; _% r" @5 S5 x8 H' t' rran from March 2009 to April 2010 and was halted by the& o9 o! ?3 L. _+ e. L* }- a$ X
European sovereign crisis and a U.S. slowdown. The second
" Y! u1 p' P% T4 X, E6 M( B& J% ?phase began with the U.S. Federal Reserve launching an
# G! X$ Y$ e) ~, g( junconventional easing policy dubbed QE2 in September
' e+ v! R, c. w5 v2010. This action saw investors exit the dollar and scramble/ B$ t) c9 C% K% j; i, N$ f
for real assets ranging from property to commodities, credit3 _9 G- h8 o! ]* h; i) ], S' \
and equities. As we near the end of this policy, prospects
. U" K) g* S+ Y7 v T& Vfor dollar stabilization grow; this would be helped through
7 d" O0 f& B& Z4 d0 H/ a- eU.S. fi scal retrenchment and relief on the part of bond
$ d* r2 S& E4 a Fmarkets. Given the success of the policy and the heightened+ f' W* G9 M" H: {8 ?, A4 r
uncertainties elsewhere, it may be time to move to a more- ^8 B# a) w& t* x; y# X
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