An Eye on the Emerging Market (04/02/2014)
Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Greg McLennan
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Two weeks in a row, Bucko! I was thinking it was about time you got a gig.
My personal opinion is that the more humans mess with the market to solve a problem, the worse they ultimately make that problem (one way or another). The Fed’s various interventions were originally designed to ‘prime the pump’, but here we are five or so years later and they’re only now starting to take the foot off the pedal.
You talk of the unintended consequences, David. The world has been floating along in an artificially smooth sea for a long time now and when the time comes, those unintended consequences following such a monstrous intervention could be dramatic.
On the upside, stock market volatility during the current reporting season could open up some excellent opportunities for the level-headed. But overall, this has a long way to play out, to my mind.