Whether to cut and run (provided you have the appropriate snow boots!) while you’re still ahead in the stock market was a talking point in this weekend’s press, with doubts creeping in as to whether the recent rally is genuinely sustainable.
The Sunday Telegraph led on this cautious note, while David Kauders (commenting in the Mail on Sunday) is firm in his belief that investors should get out while they still can.
Despite the doubts, Emma Wall at the Telegraph notes that investors continued to pile money into shares at record levels in 2009 (ten times more than 2008 according to IMA figures), and are favouring higher-risk sectors such as commercial property and emerging markets when doing so. Merryn Somerset Webb’s view in the FT that a market fall-back later this year will be closely followed by a long-term bull market offers some light at the end of the tunnel.
In other news, a search for the best mortgage, banking and savings deals offered a nod to financial New Year’s resolutions, with no changes in interest rates spurring the Telegraph’s Kara Gammell to question whether you are better to seek a fixed or variable savings deal, while Alexandra Goss at the Sunday Times offers tips on how to get a better deal by going foreign and making the most of your ISA.
The Independent on Sunday’s Julian Knight and Chiara Cavaglieri warn that tracker mortgage deals may be riskier than at first glance, as may the banks’ seemingly-harmless January bargains according to the Sunday Times’ Ali Hussain, many of which in his view are trumped by ordinary best-buy deals. All in all, prudence was deemed to be king this week – in investment terms and footwear.