Feb. 22 - Share highs might have equity investors smiling but debt markets should be wary; and the end may be in sight for BP’s Deepwater crisis, says Reuters Breakingviews.
Today's pick some breaking news stock market high is a lie hidden dangers for bond holders. And is the end finally inside the BP's deep water crisis delighted to say Robert -- is back kindness you yet. And get zero general and this is your piece that's beside the stocks -- -- -- All right we we we talk to thirteen thousand yes dumbed down toward a six to the foot -- -- good news Jason you say professor equity market investors. Yeah yeah definitely I think there's also -- feeling that you know these. Thresholds that would big two before getting doubt back at the 2000 which is lost that in 2000 indict. Closely yet but who was at first of 6000. In on April 1 April -- Day on in 1990. And is full team is guys. I think I counted that that that it colluded with the third at 6000 ma cup full he -- -- -- amazing so this is this is here actually that you know it. This is not a star who -- massive new -- but just another load of bull market Iraq diplomatically. Yeah Michael Clark. We come -- the -- I've read that the bond market the point shortly with the equities is this is whether this is something fundamental. -- -- driving the fundamentals. Or whether this is the Central Bank. Government. Fuel -- I think would do that both of those things. -- have been -- and keep it injury all of it. And I think that there is fundamental value in the equity market you know up until you throughout boosted he's for a long time. As they get -- on the strength of my argument gets -- -- various races. I still think there's some upside but I think the nature of the upside from -- probably adequate -- to convert -- to the risks. All it doesn't think that equities is the story of the month or anything of the sort Obama is trying to warning on up on clinical talking about fresh -- -- 2% on treasury. Since I get a youth got the one that you'll. -- a few things Saddam. That. Series Prius coming vets and let's face -- the Bank of England is pumping so much more money into the system why would you know invest in the ball market. And I know it's taught pretend that I adults to have -- I'm very well glad that my argument is. He's fooled by looking at Japan which I'd like bond yields and low equity markets froze for a very very long time. But it does strike me. That 2% yield on it develops open. Capitalist. Problem -- ultimately the key Europe and the US from these. It. The it shows -- are incredibly expensive. To a losing money on ball on many Combs offered off to take that into account inflation. Ignited an uncertain times if that's not be able to let a wet movie fool with a things don't feel that back are quite a lot of encouraging signs you know normal service might be received one of us hey is that. -- might. Give -- to equities but the big stage I think that at advances real Smart about is -- -- Well considering from management. That well was. BP. Catharsis finally on the horizon I'm 43 billion dollars. Have already provision you say the markets have already priced that in said it's. Just getting news from have to be paid well. You know it's it's a fairly simple I -- -- put a lot of work into -- actually and it's one of an accomplice as we do from time to you. Took about -- you especially this nicely -- so readers and listeners can actually plug into that and putting their own sort of scenarios but does Carla being put into making sure that we we will put the -- from -- but also gone and it's. Ahead of this big stop -- the court proceedings next week the market seemed to be assuming that. I looked so bad news will come out as possible -- box if it doesn't. We think that as. I was schooled upside the process. OK very good you -- -- calculates out of course roberts' piece on the equity markets in the bond markets on the -- and -- web sites. Many thanks Robert if you're what's -- US show every day twelve that's decent 1730 GMT. I'm -- truffle is is --