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Chart of the Day: the message from the pros? Enjoy market rally while it lasts
Assets that were dumped last year are being gobbled up by starved investors.
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More FTSE charts & pricesby Chris Marshall on Jan 27, 2012 at 10:47
Call it a ‘risk-on’ trade as the industry bods do, call it misplaced exuberance as the bears will, but there’s no denying that markets have started 2012 with a cheeky grin.
Optimism about the US economy, dampened fears about China crashing and a eurozone that is being propped up by a cunning funding scheme (the ECB's 'LTRO') have all added to a sense that maybe things aren’t so bad. After all, riskier assets took such a bashing last year that the global markets look like a Primark store: full of trampled-on bargains.
The message from the more cautious market watchers – who saw a positive start to 2011 before everything vaguely risky got dumped – though is: enjoy it while it lasts. More turbulence is forecast in the months ahead.
The chart below shows how more risky assets have rallied since the start of the year (to the end of 23 January)
Please visit our full site to view this interactive chart
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- Chart of the Day: the best and worst investments of 2011
5 comments so far. Why not have your say?
an elder one
Jan 27, 2012 at 12:46
Is this supposed to be helpful, or just for something to say.
report thissgjhaghsdg
Jan 27, 2012 at 13:02
I'm not sure we've seen 4% inflation in just the first four week of 2012.
report thisRatty
Jan 27, 2012 at 14:35
Yeah, and Shanghai Composites are used to manufacture those dodgy planes they knock out in China
report thisUnfortunate Greek
Jan 27, 2012 at 15:04
@sgj...
Inflation rates are always annual rates, ie comparing current month with same month last year. December 2011 CPI was 4.2%, so if January 2012 is 4% then inflation rate is dropping
report thissgjhaghsdg
Jan 27, 2012 at 17:30
It seems odd to have an annual figure in a sorted bar chart with figures from the start of the year.
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