Marc Lansounneur is regional head of investment at Soc Gen. In 2008, sensing an opporunity, he bought wines at bargain basement prices. He is now making gains many times over on these investments. Of late, he sees similar opportunities in stocks.
In fact, he reveals he has been buying more equities this year, given the recent global stock market slumpsince late July. He rated this opportunity as comparable to the 2008 opportunity in Bordeaux wines.
Why is he bullish? Equities present good yields, and valuations are extremely attractive, this despite the run-up in the past few weeks.
What is he bullish on? Asian, Chinese and US equities. He also sees bargain opportunities in gold if it falls to between $1500 and $1550.
Like to follow the rich? Then, this is not the time to be selling stocks. But buy them carefully and slowly.
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