Editor, Investment Strategy. Europe, Middle East and Africa, London
Mike's Feed
Distinguishing relief from enthusiasm
LONDON, Sept 7 (Reuters) – A line may have been drawn under
the seemingly endless euro crisis at long last but don’t confuse
investor relief with the “animal spirits” of the market just
yet.
What Thursday’s euro rescue plan from the European Central
Bank does most clearly is allow investors a sharper focus on
other world issues critical to the increasingly uncertain global
economic cycle and, as the fog lifts, allow some fundamental and
corporate analysis to replace crisis doublethink.


