CNBC Bonus Bucks Trivia: On Wednesday, which strategist told Squawk Box Europe that commodities are likely to become “horrendously volatile”?
Posted on Thursday, July 10th, 2008 | In Current Market News, Stocks to Watch
Contributed by: William A. Trent (http://stockmarketbeat.com) -
On Wednesday, which strategist told Squawk Box Europe that commodities are likely to become “horrendously volatile”?
Crowding into commodities by investors fleeing stocks will contribute to increased volatility, Peter Toogood, chief investment officer at Crosby Forsyth, told “Squawk Box Europe” on Wednesday.
Commodities “are going to be horrendously volatile because it’s the only place anybody’s going to be playing, including most of the hedge funds,” Toogood said, adding that a serious lack of long-term investors in the stock market means the prospect of a turnaround is unlikely.
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 About William A. Trent (http://stockmarketbeat.com)
Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. His experience includes stints with institutional investors responsible for more than $70 billion in assets and covers all market-cap sizes. Sector concentrations have been within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education. He is available for freelance writing and consulting projects and can be contacted here. |
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