Published on Mon, Apr 20, 2009 at 09:14 | Source : CNBC-TV18
Updated at Mon, Apr 20, 2009 at 11:12
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Investor sentiment turning up: Tyche Group
Stephen Gollop of Tyche Group said for the short-term there is good news for Asia markets because the money sitting on the side lines is coming in. The investor sentiment is definitely turning up. People are happy with recent gains and starting to forget about major losses incurred previously said Gollop.
There is a quite start for Asian markets and most of them are beginning to inch lower. Stephen Gollop of Tyche Group said for the short-term there is good news for Asia markets because the money sitting on the side lines is coming in. The investor sentiment is definitely turning up. People are happy with recent gains and starting to forget about major losses incurred previously said Gollop.
Here is a verbatim transcript of the interview with Stephen Gollop on CNBC TV-18. Also see the accompanying video.
Q: What in your view is the outlook for Asian markets now? A: Lets start with the good news first, the cash flow is certainly building up as we see, clients on deposits earning basically nothing and that nothing is just about all interest rates. So we got a lot of money on the sidelines and it is waiting to come in and so cash flow is undoubtedly coming in. The client sentiment, investor sentiment is definitely turning up. We are seeing people happy for recent gains and start to forget about major losses previously. So, in the very short-term good news but if we are looking at the long-term participation for Asian markets then we have to go back to global markets and at the moment I think everything hinges on the bank stress test and there is a great deal that may or may not go wrong with those. Also Read:See how Asian markets are doing Q: What do you think will be the outcome of the bank stress tests and how will it impact the global markets? A: At the moment there's just so much confusion, your would have to air on the side if things are going wrong and the biggest factor I saw going through, is simply whether not to divulge those who are way below the stress test levels, in which case they can fall off the face of the earth. Because your are not going to get six months to actually raise capital, they are going to have six minutes on the stock market and then they are going to lose vast amount in their share value. So that's our concern going forward; get the stress test out of the way and then look again. But then there could be a time just before to actually start taking some major profits out of the Asian markets.
There is a quite start for Asian markets and most of them are beginning to inch lower. Stephen Gollop of Tyche Group said for the short-term there is good news for Asia markets because the money sitting on the side lines is coming in. The investor sentiment is definitely turning up. People are happy with recent gains and starting to forget about major losses incurred previously said Gollop.
