Market Wrap - Stock pick — cash
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Viv Govender from Rand Swiss Offshore chose cash as his stock pick of the day.
"I'm still concerned about the decoupling between the economy and the market and that's why I'm still staying in cash, I just don't see value out there right now. Yes, it's possible that all these stimulus plans are going to push markets and prices higher but right now I have no idea what the economy is going to be doing and I really don't think our markets are reflecting that."
"I'm still concerned about the decoupling between the economy and the market and that's why I'm still staying in cash, I just don't see value out there right now. Yes, it's possible that all these stimulus plans are going to push markets and prices higher but right now I have no idea what the economy is going to be doing and I really don't think our markets are reflecting that."
