Market stability as rare as summer

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Cast your mind back to springtime: Remember the headlines in the papers? ‘UK set for another heatwave'; ‘Climate change will see summer heat waves become the norm'. ‘Resorts set for bumper holiday returns'.

Can I suggest another? ‘Freddie star ate my summer’. If he didn’t, someone did because the predicted hot weather turned out to be as rare as a Freddie Flintoff test wicket. Another event that the experts failed to predict was the current stock market fluctuations. Maybe it is understandable that no one saw this coming - after all it’s hard to give an accurate prediction of anything when some of the key variables are hidden from view. Like a batsman transfixed by a wily bowler that disguises the spin he is imparting on the ball till the last second; market experts have been bowled CDO ...

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