Dead Cat Bounce

What is dead cat bounce? A term much used in financial circles these days.

It means that after a large fall in a share price or stock market it can be expected to recover.

It comes from the idea that "even a dead cat will bounce if it falls from a great height".


Posted by Sean Wilson, APFS, Independent Financial Advisers (IFA), Swindon, Wiltshire.

Disappearing Banks

In the aftermath of banking collapses & mergers, there will quite a few bank closures on high streets of Swindon & beyond.

Cheltenham & Gloucester will disappear as a high street presence with the closure of 164 branches with the loss of 833 jobs.

The new Lloyds Banking group now owns the former Halifax Bank of Scotland branches too.

Santander, the Spanish bank now owns Abbey, Alliance & Leicester and Bradford & Bingley. It is likely that the branches in each town will be merged into one.

In Swindon, we have already seen the closure of Portman and Woolwich branches due to mergers in recent years.

Posted by Sean Wilson, APFS, Independent Financial Advisers (IFA), Swindon, Wiltshire.

"An End to Boom & Bust"....

It was Gordon Brown's famous pronouncement in 1997 & over 100 times since. It worked until 2002, the economy was doing well and he kept spending under control as chancellor. 25% of the tax the Treasury received in Corporation Tax (the tax companies pay on profits) was from the City of London

After that things started to unravel, public spending increased dramatically partly because of the cost of wars in Iraq & Afghanistan.

In 2007, the economy started to falter and the model started to falter....


Posted by Sean Wilson, APFS, Independent Financial Advisers (IFA), Swindon, Wiltshire.