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Hello Crazy Yuletide Galoots,
My sunday papers were full of stuff which makes you think this week and the New Year will see a lot of share action in an upwardly direction.
Of course, financial journalists are notorious for getting it wrong - moi included - but it's good news nontheless. Unless you are a share shorter, but you don't get many of them nowadays, not with the general bull run continuing to gather pace.
One good sign is that Chinese, Russian and Indian economies are set to rise even further. Add to that the fact that the UK economy is also in great shape.
You can also throw in that house prices are steady and that British firms keep on posting very good profits.
But the clincher for me is that take-overs are in fashion and will continue to happen. There have been dozens of them - from some very small firms in my penny portfolio to the big Footsie giants.
And yet no big bank has fallen to a predator yet. Everybody expects it. Will it be Barclays (BARC.L), Lloyds TSB (LLOY.L), the Halifax (HBOS.L), the Royal Bank (RBS.L) or Northern Rock (NRK.L)? Or will it be the Bradford & Bingley (BB.L), the Alliance & Leicester (AL.L)?
Could be any one of them. Might not happen at all - and yet the whole world is striving for bigger banks and the best way to get bigger fast is to merge. Rocking on to Christmas!
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