Mike Lenhoff
Mike Lenhoff
bit decline equity global seen serious start
We've seen a bit of profit-taking (in the U.S.). I don't think this is the start of a serious decline in global equity markets.
backdrop earnings generally investors quarter results solid
Generally speaking, the earnings results have been good. We've got another quarter of solid growth. It suggests to me investors should not be quibbling about the backdrop of the market,
equity markets positive remain stick view
Fundamentals remain positive for equity markets so our view is: stick with the trend, it's not the end, it's still your friend.
background continue contribute features hopefully throughout
This is a set of background features that will hopefully continue to contribute throughout 2006.
momentum reason run
There is no reason to think that markets, with the momentum we have seen, will run out of steam.
ahead expensive market moved quite
We have probably moved ahead of ourselves. The market is not expensive but it has moved quite forcibly upwards.