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Market Comment - May 2013

May 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.

Should you “sell in May?â€. We shouldn’t be surprised by another series of stock market falls as complacency turns into crisis �" just as in 2010, 2011, and 2012. The falls from each Spring peak to the year’s low were approximately 18%, 19%, and 12% respectively.Perhaps you believe recent stock market gains are sustainable? “When it becomes serious you have to lie†said Luxembourg Prime Minister, Jean-Claude Juncker. More recently “We don’t fully understand what is happening in advanced economies†stated former ECB board member Lorenzo Bini Smaghi. When people like this say things like that, none of us should become complacent.The macro economic battleground remains austerity. This week, economists have been ...

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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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