Blustery conditions

Despite the protracted fallout of the credit crunch, some positives can be found and careful stockpickers could weather the storm well

Market volatility has reached extraordinary levels in 2008 and although some of this was expected, it has become painfully apparent that the sheer magnitude of the fallout was not anticipated. Attempts by governments and central banks to reintroduce stability have so far failed, with the protracted negotiations of the most recent rescue package from the US causing great uncertainty. This latest solution offered the market a degree of respite and comfort, even if in reality it was never really expected to be the whole cure. Stabilisation cannot manifest itself in the markets due to the un...