The outlook for the UK economy has turned south so fast that the Bank of England has just cut interest rates and predicted we’ll only just escape recession. So why is the FTSE 100 soaring?
Why is the FTSE 100 at a 14-month high?
VIDEO: One Fool gazes up at the soaring value of the FTSE 100 (INDEXFTSE: UKX).
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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