| > Now that the US bull market seems to have matured and domestic interest
> rates have bottomed, where is the best place to invest?
I still think there is a lot of potential in the US stock market. There are
still quality stocks out there with reasonable prices, you just have to be
patient. A good fund manager should be able to find them.
Trying to run around and "catch" the next best place to invest can be costly
if you guess incorrectly.
John Piekos
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| But I still think that Broadcasting, Media, and Advertising is the way to go.
The "Ross Perot" take it to the American people campaign will soon become the
way of the lobbyist. And the way to reach the people is television, newspaper,
and advertising. Anyone know how Fidelity Broadcasting and Media is doing this
year?
michael
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| I think the Japanese stock market is manipulated and overvalued.
The current run-up may be due more to end-of-fiscal-year accounting
than any underlying value. I would wait until say late May before
committing any money to Japan.
French zero-coupon bonds look attractive, especially if you can hedge
the currency risk, and don't think the current farming & fishing
flare-ups will lead to something really stupid like exchange controls.
Cash is boring but the low yield is superior to negative returns.
When this notesfile consistently sees several new entries per day,
it's time to start wondering if maybe things aren't getting a bit frothy.
Soybeans look pretty interesting, too...
John
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| I was putting this sort of info in "which way the pound", but it
probably fits better here.
The German/French and UK interest rates are all expected to drop.
Yesterday saw the record 3bn 20-year gilt auction of 8.53pc UK gilts.
The market went for it, the lowest bid price accepted was 8.52pc.
Shorts were unaffected, but longs soared 1.5 quid.
The equity market rose on news of the auction success.
The pound strengthened 1 pfennig against the DM, ans 1 cent against
the $.
Expectations are that the next auction will do better, however, once
the interest rates are lowered, and the market doesn't think they
will go lower, things might change.
The changes to ACT and income tax in the budget made equities
marginally less attractive relative to gilts.
As we need to fund our deficit, the chancellor needs to keep gilts more
attractive, so more measures like this could be taken.
My opinion is to go for gilts not equities, but keep an eye on the
interest rates, and when the market thinks they're stuck, then cash in.
Gilts can now be purchased through banks, this was also added measure
in the budget.
Rider......my opinion is worth as much as you pay for it - nothing!
Heather
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