Dark clouds of uncertainty are moving away

COMMENT

The dark storm clouds over the euro finally unleashed their fury in May. Markets responded vigorously with the FTSE 100 tumbling 15% peak to trough in three weeks, as the bad news came lashing down.

In the UK, the electorate failed to choose a strong majority to lead the country out of the muddy mire the Labour party had left behind. Out East, a distant rumble of thunder could be heard as the Chinese Government sought to dampen over-speculation. And in a lightening 30 minutes, the 9% US market crash on election night did not help matters either. But as these dark clouds of uncertainty and worry are moving away, we are left with a freshness in the air as investors look over the rejuvenated landscape of what we believe to be exceptional value in the stock market. Does the return of th...