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Market Comment - March 2012

March 2012

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.

“Eurozone leaders point to recovery†was the FT headline on 3rd March. That wasn't what the eurozone statistics from that week were telling us. Here's a sample. New orders fell for the 9th month in a row, exports fell for the 8th month. German job creation slowed and their retail sales unexpectedly fell.The CRIC cycle is informative - Crisis, Response, Improvement, Complacency. No prizes for guessing we're at the complacency stage, which lays the foundation for the next crisis.Last time we referred to the catalyst for optimism and the rally in risk assets, the huge and co-ordinated action by the world's central banks last Autumn. At its heart is the ECBs LTRO (Long Term Refinancing Operation). It lends money to banks at ...

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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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