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Market Comment - September 2002

September 2002

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.

For a number of years we warned of bubbles building, and even recommended studies of bubbles for your Christmas stockings.  WhenGreenspan was feted as a god, we said one day he would be pilloried – judging from his recent appearance along with the great and good at Jackson Hole he is getting in his excuses early.  Other icons of the long bull run will fail spectacularly, both individuals and corporate (some of the latter already have: Enron, Worldcom, Equitable Life).  Spotting the next victim would be an interesting board game for this Christmas – "con or icon". Yet we easily resistthe temptation to be smug.  The journey to an overvalued peak waspredictable, and the mania was easy to spot (despite the p ...

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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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