Johanna Bennett in Barron's interviews Alan B. Lancz on the recent market rally, investing opportunities and the prospects of dividends discussing investments such as Procter & Gamble (PG), American Water Works (AWK) and Eni SpA.
"Q: Are we in a bear-market rally or a bull-market recovery?
A: Wall Street spends far too much time thinking about that, which is why they missed the severity of the financial crisis. It has been a strong rally with the market bouncing off extreme lows. The financial crisis, for the most part is behind us and there is a light at the end of the tunnel. But we are not out of the woods. The massive government bailouts will have unintended consequences, such as rising interest rates, a rising risk of inflation and a weak U.S. dollar. We can't count on China to lead us out of the recession. Meanwhile, I don't expect to see strong economic growth anytime soon."
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