"2010 follows two extraordinary years by any measure: 2008 unfavorably and 2009 favorably. We can only hope that 2010 will be a normal year," said Meitav Investment House Ltd. chairman Zvi Stepak today.
Stepak added, "The opening point of 2010 is not simple. It is opening after sharp rises in stock and bond markets in Israel and other countries."
Stepak said, "The risk-reward profile in the Israeli government bond market is medium. The risk-reward profile in the Israeli corporate bond market, and especially in the stock market, is fairly good, but realizing it depends on exogenous factors.
"The main risks are due to fears of a financial crisis in a large country, especially in Europe, and from the possibility, albeit small, of a new slowdown in the US economy. The level of uncertainty, which is still high, requires substantial diversification among different investment instruments, including alternative investments."
Published by Globes [online], Israel business news - www.globes-online.com - on December 28, 2009
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