Market Correction Likely For Equities, Says Ashburton
Investment firm, Ashburton revealed last week that equity markets have risen
to new highs, shrugging off excessive investor optimism, in a reversal of its
previous predictions. Speaking to the Investment International news service, global investment strategist
at Ashburton, Peter Lucas explained that a key factor in the uptrend in share
prices has been the US policy of keeping interest rates ultra low. However, he suggested that markets are unlikely to increase much further, as
there is likely to be a correction in share prices in the near term. "It is our belief that it is only a question of time before the US bond
market experiences another lurch lower," he announced, adding that: "This
should be enough to produce the short term correction in share prices that we
have been looking for." .
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