IMO this is a pretty good article from TMF...Worth reading.
http://www.fool.co.uk/news/investing/investing-strategy/2010/05/17/the-cutback-theory-says-shares-are-cheap.aspx?source=ufwflwlnk0000001
I have been buying shares the past week or so. I just feel everyone is too bearish and once again have gone into holding a large portion of cash. I suspect the summer will be better then most expect for shares.
The article focuses on how well our stockmarket does relative to the rest of the world. It certainly doesn't give any pointers to a stonking investment environment. I certainly wouldn't 'buy the market'.
Those that do well, will have to be good at stockpicking..
Buffy
