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Market Comment

November 2005

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.

Bennie the Banker has arrived.  No, this isn’t the figment of afertile imagination influenced by too many repeats of TheGodfather.  Ben Bernanke is the new Chairman of the FederalReserve, from February 2006. The appointment of Alan Greenspan was soonfollowed by the 1987 crash, his response to which was superb. Bennie will also take over midst interesting times, and will likely betested early on. Will he continue increasing interest rates, wheremonthly increases from now until next February seem likely, putting notjust the US and global economies under pressure but also a wide rangeof asset prices?As anticipated last month, gold and oil are already coming off theirhighs. And in these seasonally febrile times, the a ...

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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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