Robert Kerr Market Quotations

The market is priced for recovery but we need to see a definitive improvement in earnings expectations for large cap sectors such as banks, telecoms, and healthcare, if we are to push higher and we have yet to see that,

The market is nervous and finds it difficult to shrug off news like this.

The recent volatility reflects the debate in the market but I think we may well have touched bottom in the current cycle.

The risk is on the upside, because the market knows that we are at the end of the earnings cycle, it's just that earnings are not turning as fast as many had hoped.

I can't see any particular catalyst for the market going lower because there is the prospect of economic recovery, and improving expectations for economic growth in due course should feed through to improving expectations for earnings and should stop undermining apparently bad valuations.

We're still struggling in a fog of volatility that may obscure the fact the market is, or may be close to, bottoming,

These insurance stocks are very highly geared to the market and when the market falls they come right down with it and vice versa.