22.12.2011 Opalesque Exclusive: GLG recommends not investing in stock market, use of Shiller P/E measure and not be 'short’ risk
Benedicte Gravrand, Opalesque Geneva:

At the beginning of this year, financial outlooks were polarised. In the end, the bulls were happy during the first half of the year and the bears saw what they expected in the second half of the year.

The FTSE 100 index, which started 2009 at around 4560, stayed around the 6000 level in early 2011 till August when it went down to 5000. It is now at

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