Fidelity's Bolton believes bull market has begun

30 April 2009 11:12 am

The former UK special situations manager says that advances that began in March have triggered the new phase in the market, pointing to the likes of financials, consumer cyclical, technology and value stocks as areas that he favours.

Speaking in an interview with Bloomberg Television in Hong Kong, Bolton said: "All the things are in place for the bear market to have ended. When there is a strong consensus, a very negative one, and cash positions are very high, as they are at the moment, I'd like to bet against that."

If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing

Have your say

Please do not complete the following form field for security reasons.

Name

E-mail

Comment

Post as

Anonymously

Display name

I have read and agree to the terms and conditions