Is the tide for equities turning for the better?

Interesting read from Fidelity CIO, Dominic Rossi on his views on Equities amidst all the Euro crisis. 

Full article here: Fidelity CIO Perspective - The Tide Is Turning For Equities
The uncertainty associated with the eurozone crisis has weighed heavily on stock markets. Investors have poured into the safe havens of fixed income, pushing yields on US and German bonds to record lows. Yet, as time has progressed and doomsday scenarios have been avoided, equity markets have switched out of panic mode, and grown accustomed to the possibility of a Greek default and Spanish and Italian bailouts. In my view, these risks are now largely factored into valuations. While we are by no means out of the woods yet, there are more reasons to be cautiously optimistic. The tide is beginning to turn for equities and historically when such a turning point is reached markets can move ahead strongly. 


AT A GLANCE 

• Many of the key risks to equity markets have now been priced into valuations.  
• The leadership of markets has become more encouraging with consumer, healthcare and technology sectors at the forefront of recent rallies.  
• At a time when the yields on key government bonds are scarce, investors are beginning to buy equities for the right reasons – income and security.  
• The time has come to stop thinking about selling equities and to start thinking about buying them.