13 Feb, 2008
Chris Salih - 13-Feb-2008
income manager Bill Mott believes that domestic stocks are set for
a turnaround and says that current ratings represent a once in a
The former Credit Suisse income stalwart views a number of sectors
as attractive and says the scaledown bears no comparison to that of
the early 90s.
"There are so many opportunities out there and unless there is an
Armageddon situation, the likes of which we've only seen in the 30s
and 70s, then it looks like a great opportunity to me."
Mott currently has a 90-stock portfolio with a historical yield
that is greater than 10 year Government bonds with the previous two
occasions he has done so turning out to be major buying
"The market now is not too dissimilar to that we saw in 2003 just
prior to the Iraq war and says it should end up in the same buying
opportunity that I had when I managed the Credit Suisse income
range, which made investors a lot of money."