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Market Comment - May '10

May 2010

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.

You can't ignore what is going on in Greece.  Greece in itself is not important, no more than were Iceland and Dubai in isolation. But Greece is important as the latest financial crisis derived from the debt bubble, which has been building since the early 1970s in the developed world, with the added dimension of this being the first test of the euro adventure. The EU journey, which began with a well-meaning free trade agreement in 1951 to bring an end to 1,500 years of European conflict, became fatally flawed with the creation of the euro - it was simply a matter of waiting for the first major economic downturn. The downturn would expose the flaws acknowledged by many on the continent in the 1990's, not just by jingoistic Ang ...

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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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