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December 11, 2006

The big picture view from UBS, Mon., Dec. 11, 2006, 1:22 PM

Institutional fund managers are reducing their exposure to bonds, and moving to cash and equities according to attendee responses at a major UBS meeting in London last week.

Download UBS Macroeconomic View report

For the past 25 years, every time the global economy has reached a peak in growth performance, equities started weakening. The chart of Global GDP below can be compared to the long-term chart to the Dow 30 index from Value Line.

001q011.gif


Value Line chart of DJIA.

Posted by Posted by Bill Cara on December 11, 2006 01:22:46 PM | Category: Cara Today in the Market

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