Beware of market trolls, says investor
Wednesday 07 March 2012
Perhaps she saw yesterday evening's shares sell-off coming. Speaking hours befoere global markets swung sharply down, Katherine Garrett-Cox, head of the giant Alliance Trust investment firm, told punters not to be folled by the recent stock market rally.
The FTSE 100 has risen by more than 800 points since October but she is cautious, putting it down to "little more than a temporary feelgood factor". Mounting geopolitical concerns should focus investors' minds, she added.
"The whole trick in this type of environment is you've got to stop the trolls knocking you off the bridge, because there are a number of big trolls out there, and they're getting a bit bigger and hairier," she said. As a result, Ms Garrett-Cox and her team are picking defensive stocks, including Unilever of the UK and Sanofi, the French pharmaceuticals business.
Alliance Trust raised its dividend 7.2 per cent for the 11 months to 31 December. It may be looking for safe havens, but retail punters prefer bigger risks, says the stockbroking firm The Share Centre, which named Thomas Cook as punters' favourite.
Liam Neeson's Downton dreams
Thriller is set in the secret world of British espionage
Bomber jacket worn by Mary Berry sells out within an hour
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
- 2 Scottish independence: What you shouldn't tweet about if you want to avoid jail today
- 3 Scottish independence: Five reasons Salmond is secretly hoping for a 'No' vote
- 4 Archbishop of Canterbury admits doubts about existence of God
- 5 Isis plan to 'behead random member of the public' in Sydney thwarted by Australian police
Scottish independence referendum live: Latest news as Scotland counts Yes and No votes
Scottish independence: Final opinion polls show undecided voters could swing result either way
Scottish independence: What you shouldn't tweet about if you want to avoid jail today
Isis plan to 'behead random member of the public' in Sydney thwarted by Australian police
Scottish independence: Andy Murray backs Yes campaign in eleventh hour decision
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence referendum: A nation divided against itself
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
iJobs Money & Business
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...
To £85,000 + banking benefits: Saxton Leigh: You will be expected to carry out...
Up to £90,000 + benefits: Saxton Leigh: Credit Risk Audit Manager required to ...