“Investor (Stockholm: INVE-B.ST - news) uncertainty is leading to a flight to quality and safe havens,” said Peter Dixon, economist at Commerzbank (Xetra: 803200 - news) .
“Dumping stocks seems sensible with so much uncertainty on the macro environment, and all fundamental ways of looking at value are out of the window.”
Always makes me giggle. Meaning of course that the market stays in crap as long as possible.
Used to be that the typical strategy would be to buy-and-hold quality. Now it's a rarity assumed only in panic.
The world has gone insane...............