Well, there we are then, as if by magic, the Footsie reached an all-time high in the last week of February, proving that it is very much a matter of sentiment, rather than logic, that dictates such matters. Not that I am saying there is no value to be found in the market at the moment, but this record level was swiftly followed by several disappointing falls, yet it still hovers within a couple of hundred points of the peak. I can only see this sort of pattern continuing for the next couple of months. Once the General Election day has passed then, depending on the result, we might just see an element of stability. Continue reading The Great Unknown
Tag Archives: Donald Rumsfeld
No Give-aways this Time
One of the joys of being an Independent Financial Adviser, (and writing a column, such as this) is having to foretell the future. Luckily, having a vaguely psychic ancestor, I am well equipped to deal with such matters. I should say that I am referring to the 2011 Budget day, which, by the time you read this, will be history. My problem is trying to consider the “known knowns” and the “unknown unknowns” (thanks to Donald Rumsfeld), these being the aspects that have been announced already and will come into effect in the new tax year, and the measures announced on the 23 March 2011, unknown to me at the time of writing. The first Budget following an election, furthest from the next trip to the polls, is generally when most of the unpleasant work is done, as Mr Osborne aptly demonstrated.
Continue reading No Give-aways this Time
The Whistler 