Equity Markets: Valuation is in the Eye of the Beholder

With many of the major equity indices at or near record highs it is natural to ask whether equity markets are overvalued. First of all valuations differ dramatically by geographical region and second, one’s estimate of fair valuation is to a large degree subjective….

Investors can rest easy, monetary policy to stay loose!

In his testimony to the Senate Banking Committee on Tuesday, U.S. Federal Reserve Chairman Ben Bernanke gave the green light for risk assets to push higher, with his defence of the Fed’s highly accommodative monetary policy. Bernanke reiterated the benefits of low interest rates…

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