World's Biggest Investor BlackRock Says US Rally Nearing Exhaustion -- Ambrose Evans-Pritchard, The Telegraph
BlackRock has advised clients to be ready to pull out of global stock markets at any sign of serious trouble
BlackRock, the world’s biggest investor, has warned that central banks are poised to tighten monetary policy in the Anglo-Saxon countries and China, advising clients to be ready to pull out of global stock markets at any sign of serious trouble.
“2014 is the year to squeeze more juice out of risk assets. But investors should be ready to discard the fruit when it starts running dry,” said Ewen Cameron Watt, chief strategist for the BlackRock Investment Institute.
The group said in its 2014 Investment Outlook that investors have “jumped on the momentum train, effectively betting yesterday’s strategy will win again tomorrow”, but vanishing liquidity could leave them trapped if the mood changes. “Beware of traffic jams: easy to get into, hard to get out of,” it said.
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My Comment: And I thought that I was the one with the gloomy forecasts.
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