‘The attractiveness of shares is as great as I remember’

This is the absurd claim made by a fund manager interviewed�for the Telegraph this week. But the gentleman makes his millions from ordinary suckers like you and me putting our cash into the stock market through shares, unit trusts and pension savings – so he would say that, wouldn’t he? Moreover, the stock market has shot up from 3,500 to around 5,500 in about a year. Is there really anybody stupid enough to believe it’s going much higher with Britain facing almost catastrophic tax rises to pay off our deficit?

What is really happening is that all the insiders have made fortunes over the last year. Now they need suckers to buy all their overpriced shares so they can get out with their mouthwatering profits leaving us with massive losses. Want to put money in the stock market now? You’d be better off flushing it down the toilet – at least then you might block your toilet and save yourself some money.