Pakdokter watched the Investment Guru, Mark Mobius, Chairman of Templeton Investment Management Group, being interviewed on the business channel yesterday. He warned that because markets in most parts of the world have risen substantially last year he expected a correction of up to 20% to take place anytime or sometime in the future.....
Yet he did not believe that the state of the market in China as being in a 'bubble'. His arguments were that when there are still so many people out there with a bearish outlook of the market, the market cannot be in a 'bubble'. Only when everybody talks about the market in bullish tones, would he be worried about a 'bubble situation'. So his advice is that in current times, especially with a low-interest rate situation in almost all markets, one should be invested in equities!.....
Hmmm.....what to do?......
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