upbeat presentation from jones, page-8

Lets not get too worked up as everyone has their perspective that goes into whether they buy, hold or sell.

For me the big theme outcomes are as follows:

- US Treasury will buy distressed debts and profit from these LT significantly. Once sentiment changes then valuation follow and finally the "expert commentators" state the obvious

- China need to progress as the civilians have a taste for change and progress. India is next as will have a bigger number to urbanise over the next 2 decades (750M)

- We have already surpassed in % terms the 3 significant market downturns over the past 30 years. All previous occassions show universal bearishness and for the record on all 3 occassions the markets have bounced back +15% in the following qtr. Will it happen again? Yes as global markets are now interlinked and therefore have more ability to recover than any previous time in history.

I hold GBG so my views and perspective are a reflection of this fact.