Edward Menashy
Edward Menashy
behind doubt merger short
The thing behind it short term, without any doubt, is the merger and acquisition activity.
mergers plenty
It has been another storming day with plenty of mergers and acquisitions activity.
corporate earnings expectation growth identical people slow start talking therefore
If we look at 2006, the expectation is identical to the start of 2005. People are talking about a slowdown and therefore corporate earnings growth will also slow down.
activity dominated fallen market mergers
The market is being dominated by mergers and acquisitions activity -- all the fundamentals have fallen into the background.
companies global happier lower oil prices profits tax
Oil prices are effectively a tax and we want a low-tax global economy. I am happier with lower prices, even if the profits of oil companies come down.
beginning economic ended forecasts growth held large people reason
By and large we've ended up better than many of the forecasts that were made at the beginning of 2005 and the reason is that economic growth has held up much better than people expected.
due incredibly period question relative slight
We are due a period of slight relief. (But) we always have to come back to the question of valuations and, relative to gilts, equities are still incredibly cheap.
altogether bond clear definitely interest peak picture rates reached start yields
The picture is not altogether clear that we have definitely reached the peak in short-term U.S. interest rates and that from here bond yields will start going down again.