July 21, Bob Parker: Positives in the gloom

Part 2: Positives to reduce the bear market include investors going long on cash and reducing leverage, says Bob Parker, vice chairman, Credit Suisse Asset Management. If oil and commodity prices ease off, he suggests to FT markets editor Chis Brown Humes, that the bear market is likely to fall 30% this time rather than the 50% drop of 2001-2002.