The British Financial press, along with most of the major investment banks, are tipping defensive stocks for this year. I disagree, thinking that they should have tipped these stocks last year and are making a big mistake by using past performance as a measure for the future (as all the adverts warn us against).
However I appear to be in a minority, with most other investors going for defensive plays - what does everyone else think about this.
By the way - personal tip of Symphony Plastics (apparently they've got a new biodegrable plastic bag out, and with Government regulation making it more costly for the normal type, hopefully incentives will be introduced to let Supermarkets go for the biodegradable option - reports out that Sommerfield already have).
However I appear to be in a minority, with most other investors going for defensive plays - what does everyone else think about this.
By the way - personal tip of Symphony Plastics (apparently they've got a new biodegrable plastic bag out, and with Government regulation making it more costly for the normal type, hopefully incentives will be introduced to let Supermarkets go for the biodegradable option - reports out that Sommerfield already have).