The Perils of Market Timing
What happens if a market timer misses the most important days or months?
Europe
Germany Joins the Inflation-Indexed Party
Inflation-indexed bonds, a curiosity a decade ago, are now a full-fledged global asset class.
The FTSE All-Share: Searching for Fair Value
In order for future real returns to approach those of the last 45 years, unless one makes the highly optimistic assumption of a further expansion in the multiple, either real earnings must compound at a significantly higher rate, or dividend yields must rise.
Small-Cap Equities: Are They Worth the Risk?
When building return forecasts, be wary of extrapolating past periods of underperformance.
T-Bill Returns: What Can We Expect?
How long will cash continue to be trash?
U.K. Small-Cap Indices: Size Matters
A revealing comparison of the FTSE Small-Cap and the Hoare Govett Indices.
Benign Inflationary Pressures in the U.K.
Although inflationary pressures appear tame at the moment, the optimal time to invest in inflation-hedging products is when they are out of favor and relatively inexpensive.
European Markets Cheer
Free-flowing global liquidity, improving economies, and rising earnings growth prospects pushed capital markets higher in 2003—will the same factors provide a fillip in 2004?
The Lure of Inflation-Indexed Bonds
Despite skimpy yields, the European inflation-indexed market looks poised for rapid growth.
French and German Equities
Risk outweighs reward in these key European markets.