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On Wednesday, which strategist told Squawk Box Europe that commodities are likely to become “horrendously volatile”?
Crowding into commodities by investors fleeing stocks will contribute to increased volatility, Peter Toogood, chief investment officer at Crosby Forsyth, told “Squawk Box Europe” on Wednesday.
Commodities “are going to be horrendously volatile because it’s the only place anybody’s going to be playing, including most of the hedge funds,” Toogood said, adding that a serious lack of long-term investors in the stock market means the prospect of a turnaround is unlikely….
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10 July, 2008| Fundamental Analysis |
@ 11:23
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