The only options for investors were to buy contra funds or strategically shift to holding bond funds, particularly long-term government bond funds.
"Nobody is disagreeing with the principle of getting people off benefit - particularly long-term benefit - back into work, but is how that process is done, " he said.
The Edinburgh consensus statement is expected to be similar to the English advice - stressing the benefits of HRT to most women, while advising women, particularly long-term users, to be aware of the likelihood of an increased risk of cancer.
For traders, says Mr Jarnefelt, "information is everything" though as long-term investments, bond prices are particularly sensitive to events with long-term impacts.
That is particularly true for long-term bonds, whose prices are more volatile.
Without such healthy scepticism, the government would tend to demand too little in the way of guaranteed money for taxpayers from bidders who are particularly optimistic about long-term prospects.
This economic populism is made particularly potent by the long-term decline of faith in American institutions.
But I am thinking more in the long term, particularly in regard to large-scale space travel, colonization and commerce.
The science, while theoretically appealing, is seriously incomplete and ill-supported by appropriate evidence, particularly in relation to long-term effects on human health and the environment.
It is not surprising that these events affect our collective health over the long term, particularly since the source of the stress is also often the reason that people cannot get the help they need to recover from it.
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These drugs are commonly prescribed together, particularly in elderly people with several long term conditions.
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In theory, this makes them safer for long-term use, particularly in older patients.
They say that more clarity is needed over the government's long-term policy, particularly how it will achieve stringent C02 reduction targets.
More important, the key group leaving New York and other so-called "youth-magnets" comprises the middle class, particularly families, critical to any long-term urban revival.
Thanks to the difficulty of attracting recruits, those already in have to do more, which is not good for long-term morale, particularly considering that a typical cruise on a carrier is six months.
Brown and his assistant Archie Knox will continue until the end of next season and the manager hopes that the clarification over his future will help the club's long-term prospects, particularly when challenging the dominance of Rangers and Celtic.
The growth in long-term employment has been particularly pronounced among women aged 55 to 64.
"We raise great concern about temporary weight reductions that are rapid, particularly using diets that are potentially harmful long-term, " said Eckel.
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In recent months, the USGA has declared long-term environmental sustainability, particularly water usage, to be one of its top policy issues.
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Steroid-type replacement medications may cause side effects, particularly if the doses are high and are used long term.
The notion of long-term climate change -- particularly as caused by humans -- is politically controversial but generally accepted as fact by most scientists.
This has resulted in a long-term drop in traditional mail volumes, particularly letters, and declining demand for conventional post office services.
In many ways, Chinese buying habits at auction (particularly in Hong Kong) follow a cultural predilection towards long-term value and stability.
Whatever the long-term prospects for the housing market, particularly in the south of England, prices can overshoot, just as they have done in the past.
ETFs are a particularly versatile tool because they offer something for both traders and long-term investors alike.
Shifting away from technology, we think there's an attractive long-term opportunity in the shares of URS, particularly at these levels.
"Such a move would generate substantial economic efficiency gains from reduced congestion, reduce the tax levied on the majority of miles driven, leave many (particularly rural) motorists better off, and provide a stable long-term footing for motoring taxes without necessarily raising net additional revenue from drivers, " the IFS said.
Carnival trades at a forward PE multiple4 of 16, with a forecast long-term growth rate of around 16% per year.5 This is an attractive trade off, in my opinion, particularly given the great dynamics of an industry riding the powerful, long-term currents of mass affluence and aging.
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Meanwhile, long-term support for platinum comes from rising production costs, particularly in the key producing nation of South Africa.
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"Everyone is aware of the importance of the long-term impact of such an election on the country, particularly on its institutional stability, " it concludes.
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