First published: ft.com, 13/12/2013
Case for stocks largely down to issue of easy money, says George Magnus
The capitulation of market sceptics in the past several weeks has not been pretty. But it was perhaps inevitable, and so, as we look to 2014, the consensus among market strategists has hardened.
The Federal Reserve is expected to start tapering asset purchases in the first quarter of next year, if not sooner, but investors should keep the faith, and remain committed to the near five-year-old bull market in equities…..“more:”