Share tip of the week: a bear market bargain
It’s been an amazing seven days. There seemed a faint chink of light at the end of the sub-prime tunnel when Standard & Poor’s (S&P), the US debt rating agency, suggested that the final bill for sub-prime would be contained to around $285bn. But just 24 hours later, hopes were dashed when the Federal Reserve was forced to bale out Bear Stearns, Wall Street’s fifth-largest investment bank. Stockmarkets were duly hammered. Yet we could be entering the final throes of the bear market. Spectacular bankruptcies inevitably trigger a crescendo of panic-selling and can force concerted central bank intervention. If we can start to draw a line under all this, there may be better prospects ahead. Adopting a more sanguine outlook, thick-skinned investors may wish to dip their toes into the beaten-up non-life insurance sector. Take this stock, for example...
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Sir Antony Jay
"I started with £3,000 and have doubled it to date, using a combination of tips in the 'at a glance' section." Fred McKenzie
"If you are a serious investor, you should be reading MoneyWeek." Rupert Foster, Chief Executive, FM Capital Management
"I bought into four European emerging markets funds following general info from your magazine, and so far I have achieved 25% gains." K Murphy, London
"Money Week encouraged me to go 100% oil, and I have gone £38K to £62K in a year." Garry Morrow, N Ireland
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