A funny thing happened yesterday, the markets rose and they rose significantly.
It is not as though much really changed.
Apart from some further comments from our European leaders, suggesting that Spain's banks will be bailed out, Greece is still flirting with Euro exit and all that that will entail.
This also happened as certain financial experts and I use the term loosely, have written in such respected journals as the FT, that the age of the equity is dead.
Perhaps yesterdays event, shows that in reality the age of the equity is anything but 'dead'
Where else, will the long term investment returns that both individuals and the huge pension funds need, be generated if it is not by investing in sound companies?
For how much longer will money continue to flow into government bonds, which now effectively yield nothing?
What I shall continue to do, is what I have always done.
Take a long term view on my choice of investments and get on and enjoy what is left of life.
I note that the headlines this morning did not proclaim;
"Millions wiped ON the value of equities yesterday"
