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A masterstroke

Terence P O'Halloran, chartered insurance practitioner, Lincoln Sir, Standard Life's move out of equities could not have been better timed and to be able to hold the FSA responsible, just in case things go wrong, is a masterstroke. Using fairly basic chartist principles, surely the 50% retracement of the stock market 250 and 350 indices, and the acceleration of the FTSE 100 to achieve much the same, would set us on a course for a sideways market movement over the next two to three years, in which equities would be a problematic investment. Cash is surely King. Bargains need to be had a...