Jamie Sandison
Jamie Sandison
closely european performance strength
The performance of European equities corresponds closely to the strength of the dollar.
expecting great next performance
As for equities as a whole, we are not expecting a great performance over the next 12 months.
europe far forecasts profit
Profit forecasts for Europe are still far too high.
asked dip management pay pockets regarding
They have been appallingly managed, particularly regarding acquisitions. Shareholders will be asked to dip into their pockets to pay for management mistakes.
attractive biggest issue odds recovery strong terribly
We think the odds are that a recovery is under way but we don't think it will be a terribly strong recovery, and our biggest issue is that valuations are not particularly attractive even now.