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'Commodities weak & bond markets strong only in DMs'

Richard Harris, (Chief Executive, Port Shelter Investment Management) spoke to CNBC-TV18 about what is the way forward for markets after Greece was declared a default by the Swap Dealers Association.

March 12, 2012 / 16:29 IST
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With Greeks being declared in default by SDA, Richard Harris, chief executive, Port Shelter Investment Management feels that once the credit default swaps are triggered there will be winners happy and losers who are banks supported by their government. The market is going to probably look for excuses to sell off a bit and he does not see much opportunity to go up from here. He believes developed and emerging markets are the future, commodities are weak. equities don

first published: Mar 12, 2012 03:13 pm

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