Long recovery ahead for stock markets

INVESTORS were warned yesterday to be wary of jumping back into stocks and shares by one of the country’s leading economists.

Friends First chief economist Jim Power said it could take 30 years for the stock markets around the world to regain the values they enjoyed before the hi-tech bubble burst in early 2001.

After the 1929 crash “markets did not recover the same real value until the 1960s”, he said.