It is fascinating to hear financial pundits do their predictions for 2012. Surprise, surprise, fund managers are predicting that stocks will go up this year. Mercer surveyed 50 fund managers and they indicated that world and Canadian stocks will go up by 7%, US stocks will see 8% growth and Europe 6%! Based on what? No one knows but it is not very strategic to talk about the reality if you want to separate fools from their money.
Recently, fund managers were actually happy to see finally the rates going down for the PIIGS bonds. Confidence is coming back, they …Read More