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Market Comment

September 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.

In the United States alone, 80 million sick and 16 million dead.This is the worst case scenario if human-to-human avian flu hits theU.S and they are unable to produce an effective vaccine rapidly enoughto make a difference. There is no certainty that such a virus willmutate and spread but it is the absolute uncertainty that will veryprobably cause wobbles in coming months, the traditionally jumpy autumnseason.The extreme economic consequences are being increasingly aired inthe media. Two to three months when the world stops, millions afraid togo to work, house prices collapse, bankruptcies soar. Even if this isjust a short-term hiatus, commodities are a particularly vulnerableasset class (oil, copper and gold being those still rid ...

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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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