Oslo stock-exchange over-priced / News / The Foreigner

Oslo stock-exchange over-priced. Investor Riulf Rustad believes 200 points is too high for the market. He thinks it’s more sensible if it falls to 130. E24.no reports Rustad as saying that investors have still not taken account of that both current income and forecasts of future income are still going to fall considerably. “There is too much optimism. None of the previous crises of are considered to be anywhere near what we are seeing now”, he told E24.

oslo, stock-exchange, recession, grim, markets



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Oslo stock-exchange over-priced

Published on Wednesday, 4th March, 2009 at 07:03 under the news category, by Michael Sandelson   .

Investor Riulf Rustad believes 200 points is too high for the market. He thinks it’s more sensible if it falls to 130.

Oslo Stock-exchange
Oslo Stock-exchange
Photo: Torbjornd/Istockphotos


A grim picture

E24.no reports Rustad as saying that investors have still not taken account of that both current income and forecasts of future income are still going to fall considerably.

“There is too much optimism. None of the previous crises of are considered to be anywhere near what we are seeing now”, he told E24.

This is because uncertainty is still uncommonly high.

Torture

Rustad likens all the financial initiatives from governments worldwide to a type of slow torture that are keeping the markets buoyant.

“The more the governments do, the longer it will take for a necessary adjustment to occur”, he said.

Not the first time he's concerned

The investor was worried about the possibility of a crash in as early as 2005. He forecast that the question was not “if”, but “when". And in January of last year, he mentioned the market as being driven by artificial liquidity.

“Nobody will escape a recession in the USA”, said Rustad at the time.

At the end of 2008, he was reported as being worried that the economy was going to be caught in a trap due to share-prices having continued to double since 2003. He’s still investing mainly in the money-market, as he can’t find anything that’s worth buying.

At close of business yesterday, the stock-exchange had fallen 4.04 percent and ended on 197.53 points.



Published on Wednesday, 4th March, 2009 at 07:03 under the news category, by Michael Sandelson   .

This post has the following tags: oslo, stock-exchange, recession, grim, markets.





  
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