As Europe Backs Away from the Abyss, We Return to Full Sail

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September’s headlines were ominous, ranging from near-certain Greek default to credit downgrades of sovereign banks. For those investors who have trimmed back and become defensive ING Global Perspectives now advocates a return to full sail with a fully invested, globally diversified portfolio.

In this month’s commentary, ING Chief Market Strategist Douglas Coté argues the global macro risks that have bedeviled markets for the past several months are secondary to bottom-up fundamentals — corporate profits, in particular. Although the European, U.S. and developed world debt crises are far from over, they are moving toward containment. Ultimately, successful investing demands a choice between prudent risk control and outright risk avoidance.

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