Wednesday, May 20, 2009
Hear ye! Hear ye! The ‘experts’ have spoken
Investment experts around the world believe the global economy has turned, with a sizeable majority now saying it will improve in the next 12 months. Merrill Lynch’s May survey of Fund Managers has found seven out of ten investment managers are forecasting an improvement in the next 12 months and are now spending money in anticipation of an upturn by buying cyclical stocks that will gain value fastest when the economy picks up.