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Market Comment - March '17

March 2017

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.

Last month we covered US over-valuation and events since demand more comment. We highlighted, as on numerous occasions previously, CAPE as a valuation measure. It is far from a tool for fine-tuning your timing, more a warning to have your sand bags in place. In the last month the Dow Jones didn’t just close higher for 11 straight days but also reached new all time highs on each of those days.  The last time this happened was January 1987. That year, cracks only really began to appear from June. Yet despite signs of excess, particularly amongst retail investors, there was much to be positive about. That cannot be said now, with the US market more expensive than 1987 and Western economies beset by vast debt, an ageing popu ...

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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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