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Market Comment - April 2013

April 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The EU politicians and eurocrats are a determined bunch, including some huge intellects and should not be underestimated. Yet the events of the last two weeks have taken their level of incompetence to a new level.The original decision to steal, sorry, apply a levy to all Cypriot deposit holders was legal if morally corrupt. The subsequent decision to exclude small savers was purely political. Depositors throughout the eurozone are now exposed, and they (increasingly) get it. For example, speaking to one client who was in Spain after the first Cyprus announcement, she quickly observed queues forming at ATMs, with many closed or limiting withdrawals. This is a glimpse of the (very near?) future.Bank runs are not a construct o ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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