Stockpicking is the key to success

The stock market turbulence of the past few weeks certainly gives a reason for caution. But the economy is in a stable, low inflation growth environment, which should remain intact, buoyed by more interest rate cuts. There are obvious concerns that the UK will be affected by the US economic slowdown. Many UK firms are global players and will subsequently be affected by default. The US is slowing to worrying levels and new figures show the average household's net worth has fallen for the first time in 55 years. While it is not official, the US is technically already in a recession. T...