“These factors suggest it may not be too long until we are back to 2009 where there was a greater risk to not holding equities. Markets tend to ‘climb the wall of worry’. So even though Europe is unlikely to be ‘solved’ in any quick way, an end to the uncertainty would likely give rise to a relief rally.
Investment
‘Best possible outcome’ sees First Guardian investors cop massive loss on failed property deal
First Guardian investors will get 8 cents on the dollar back on a loan the fund made to a property developer in western Melbourne, with liquidators FTI Consulting saying they believe this was the “best possible outcome” for unitholders.
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