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Market Comment - March '08

March 2008

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.

If you or I get involved in TV or radio phone-in it’s probably so that we can berate a failing football manager or plead for the re-introduction of capital punishment (if only for football managers). Not Warren Buffet. He rang in to interrupt a CNBC financial news programme to offer $800bn to help out troubled bond insurers. Like you do. Clearly Buffet is hugely energised by the opportunities created by turmoil derived from credit markets. Such opportunities are not confined to the US and pricing inconsistencies are replete in this fear-fuelled environment. Take Bradford and Bingley. From the beginning of problems with Northern Rock until end-2007 it had net new deposits of £2bn. Just since the beginning of this year ...

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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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