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Market Comment - November '15

November 2015

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.

We finished last time saying "global recession risks are rising." Since then the words and deeds of central banks have confirmed that they also believe this to be the case. As this is "The Golden Age of Central Bankers," we must pay attention.Mario Draghi is market-mover-in-chief. By his less than Delphic words ("ECB is willing and able to act by using all instruments available") he moved European markets up and the currency down. That’s exactly as he would have hoped, bearing in mind the central banker belief that QE buoys markets, and buoyant markets will float a recovery.An interest rate cut in China had the same impact. In coming weeks we should expect similar from Japan, not just to do ...

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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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