A Pause Is Due, but Banks Will Rise Long-Term ; Taking Stock

Summary


THERE is a traditional view in the City that share prices typically weaken in September because the grown ups come back to the office.

After August, when juniors are left in charge, the senior and more experienced traders return from their holidays and start to undo all the naively optimistic trades carried out while they were away.

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A Pause Is Due, but Banks Will Rise Long-Term ; Taking Stock

This is obviously a rather simplistic, not to say rude, outlook. But it is hard not to feel that as the summer draws to a cl...

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