…and here’s the evidence - Monday’s most actives’ on the London Stock Exchange.
Across the London market (ex-Aim) just 950m shares have changed hands - that’s not even half an average day’s trading volume. Moreover, Monday’s total has been boosted by a large placing in F&C Asset Management. (11.7% of the asset manager company has been placed by JPMorgan Cazenove and Goldman Sachs following its demerger from Friends Provident).
Now, if it’s this bad at the start of July, when the STATE schools in ENGLAND haven’t broken up, what’s it going to be like in August? Prepare for a long and very dull summer.
