"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Wednesday, February 17, 2010

David Rosenberg's view of 2010

Investors are growing more risk averse as they question the macroeconomic outlook as the government withdraws its support. Moreover, as last year’s sugar high continues to wear off, what we can expect to see is a return to what can only be described as heightened volatility in the markets, and the need to shift towards less cyclical and more defensive and income-oriented strategies that work well in a period of increased economic uncertainty.

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