It's time to bet against this crowded trade

Having been on the right side of the FTSE's recent bounce, Bengt Saelensminde reckons the smart money's now to be made betting the other way. Here, he explains how.

We've been on the right side of the FTSE's recent bounce... but it's a crowded trade now - and I reckon the smart money's to be made betting the other way.

Theoil price has broken above $120; there's more trouble in Europe; and there's a lingering concern over Japan. All these could be bad for stocks.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.