Monday, November 18, 2013

What would I buy now if I had 1 year ?

Bob Janjuah when asked what financial assets, would he own now if he had to hold it for a year? 

Bob Janjuah: My answer remains strong balance-sheet corporate credit spread (yields may be expensive, but spreads are not), Italian government debt, and the USD (esp. vs JPY). As one never knows, I’d also have small speculative ‘long-risk’ positions in bank equity, via options, just in case the speculative bubble takes longer to peak and peaks at levels even higher than forecast above.