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So the market is nearly back to all-time highs, everything is okay?

Tom Winnifrith
Friday 28 November 2014

Hmmmm. Lots of low grade Aim stocks are flying, the FTSE 100 is nearly at all-time highs, there is a lot of rubbish being spouted about a Santa Rally coming early and I am stuck in Greece preparing to start the olive harvest tomorrow when I should be punting rubbish on AIM making a killing. Right? Wrong.

Clearly sentiment among investors has changed. Fear has been booted out of the building and greed has waddled back in. But is the world really a different place to where it was six weeks ago when Fear was ruling the roost? For me all the Black Swan potential events floated by market commentators as shares tumbled in October were peripheral issues. Sure Ebola could have caused problems if it broke out in Balham or Brooklyn. But that was not my real gripe with the bulls. I still think that one wild card – an ISIL atrocity in NY or London - could spook investors badly.

But my fundamental concern

on ShareProphets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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