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Blighty is Losing the Fight Against Most of the World. But that Doesn't Matter.

By Malcolm Stacey | Saturday 13 January 2018

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Hello Share Chewers. If your portfolio is anything like mine, you’ll be laughing all the way to the bank. All those years of waiting for things to really pick up, after the crash of 2008, are at last bearing fruit. The Footsie has been breaking records for days now. And, if you’ve wisely spread your eggs around loads of baskets, you will be well up. 

Yet the wiser investor always gets jittery at this stage of the game and thinks about precautions against this creamy share world turning sour.

And the upward thrust will turn into a downward topple at some point. However, I don’t think we need to worry too much, yet.

A rolling snowball gets bigger before it melts. And there’s strong evidence that it will keep trundling along for longer yet. There is, for example, an encouraging survey by accountants Grant Thornton. It found that global business sentiment is at a record high.

The firm’s International Business Report, which comes out every three months, finds that optimism is higher among world business people than its been in the 25 years the publication’s been going.

The companies which were asked expect profits to rise during 2018.

But it’s not the same in Blighty where most experts expect growth to slow this year. But, you see, it doesn’t really matter because so many UK firms, and especially the successful ones, do business abroad. 

So poor corporate performance here helps to keep the pound low in value. Which means that companies which export or operate abroad are quids in 

There will be those, including some of my more intelligent colleagues on this site, who think shares are especially vulnerable right now. But that’s based on value and fundamentals. While the market takes less notice of common sense than it does salivate over a mad dash to buy. 

And it usually takes an awful lot of bad news to reverse that northerly direction. Some economic news, especially on rising personal debt, is not great. But it’s not yet dire enough to stop shares values rising. 

Nor indeed to close the Punter’s Return. God bless.

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