The FTSE 100 began the quarter at 5727 and ended it at 5871. It was for once a fairly steady period. The end of July saw Mario Draghi pronounce that he would do everything in his power to ensure the European bond markets functioned efficiently. It was enough to stop the major hedge fund groups from attacking the markets as no individual fund is bigger and more powerful than the European Central Bank.
Now the problem with the European Central Bank is that it is not currently a central bank! Continue reading “October 2012 Investment Review”