stocks from the grecian urn
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Stocks from the Grecian Urn

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Stocks from the Grecian Urn

Dubai - Arabstoday

With Greek turmoil dominating much of the financial news in the last few months, much merit can be subscribed to Franklin Roosevelt\'s: \"We have nothing to fear but fear itself.\" Fear strangled markets. This version of a Greek Tragedy secured a Dracula-level of fear across markets, with the Gulf News last week also blaming Greek debt contagion concerns for weighing down UAE bourses. Wouldn\'t it be nice if Europe\'s answer to sunny Dubai recovered? According to Jim Lipsky of the IMF, the Greek vote was an important first step in terms of what he calls a ‘restructuring reform programme,\' and not, as the press and protestors label it a, ‘grim austerity package.\' Same, same really, as one deals with the longer term positive objectives, and the other with short term realities. To Lipsky, the vote was necessary to secure the ‘beginning-of-the-end\' refinancing projects and enable Greece to become (sometime) ‘competitive\' within Europe as well as providing ‘sustainable growth.\' Article continues below What does it mean for investors? If you believed the likes of Lipsky, then buying upward-bound markets through ETFs and other cheap routes would make sense. The sceptical, however, will say it is Lipsky\'s job to be a positive ‘solution-finder.\' The sceptical will point out Greek debt is 150 per cent of GDP. Ask your bank if they will lend you 150 per cent of what you earn over the next few years to find out how much that is. Or look at Greek Sovereign debt now with the lowest ever credit ratings for its ilk and wonder why. Market tracker Out of this Grecian Urn I pick up the phone to Stan Lock, stock broker, and consultant to Brewin Dolphin. \"Stan, what stocks are going to go up, regardless of where markets are at?\" The background to such a question: any idiot can make money in a rising market, so if we are at the beginning of a sustainable upward surge, then most stocks and most indices will do. Hence the value of market trackers. But, we don\'t know, so back to Stan. \"I am pro the US over Europe and Emerging Market stocks at the moment, so if investment decisions are going to be backed by rising markets, I would rather be in the US.\" This leads to two ‘flavour-of-our-time\' choices. The first one up is Mine Safety (MSA). On the back of some high profile mining tragedies around the world, the Schadenfreude would be attracted to the fact that disasters will have brought attention to this company who describes themselves as the ‘innovative world leaders\' on mine safety. They have just announced a dividend to shareholders. The second one, and Lock\'s big play of the moment is ‘Cardinal Health Inc (CAH)\' which is a pharmaceutical company and immune from what Lock says is: ‘The current short sightedness of markets over-indulged in commodities. We still need medicine, and the health sector will never be out of demand.\" For those shopping in Europe, it\'s a sort of Boots the chemist with a broader distribution chain but a track record of profitability despite the uncertainties of current markets. Interesting stocks to watch then, especially for the more experienced investors concerned about whether global macro-economics will remain a drag on market prices generally.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

stocks from the grecian urn stocks from the grecian urn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

stocks from the grecian urn stocks from the grecian urn

 



GMT 15:05 2017 Thursday ,08 June

UAE Weather: Temperature set to touch 46°C today

GMT 09:21 2012 Friday ,13 April

Chances of rain in the UAE

GMT 18:01 2011 Saturday ,12 November

Masdar set to launch Seychelles wind farm by end-2011

GMT 17:11 2017 Sunday ,19 November

South Africa eyes 2023 Rugby World Cup

GMT 21:22 2017 Saturday ,10 June

Moroccan minister

GMT 07:28 2017 Tuesday ,07 November

Now,Dubai cafes introduce special food

GMT 12:38 2016 Monday ,14 November

2016 'very likely' hottest year on record

GMT 08:03 2017 Thursday ,02 November

Abdou blames targeting Khan Yonis

GMT 10:51 2017 Thursday ,23 March

Fire damages historic Ottoman mosque in Greece

GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 00:14 2017 Friday ,13 October

Army kills mercenaries in Kahbob, Lahj

GMT 19:04 2017 Thursday ,08 June

Qatar sympathisers in Bahrain to face fine, jail

GMT 14:29 2017 Wednesday ,02 August

Man City winger Navas returns to Sevilla

GMT 10:51 2017 Friday ,26 May

Labour Minister meets Thai envoy
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice