Now is the Summer of our Discontent..... Made Glorious by

It was certainly a summer of discontent in the markets as stock fell sharply in August and September. Fortunately October saw them rally back with the S&P 500 up 8.4%, FTSE 100 up 5.2% and the Nikkei up 9.7% in local currency terms. It may be too much to call the month ‘glorious’ but October proved to be the best month the World Stars portfolio has ever had, returning 10% in USD. Of course, the best months in stock market performance come right after the worst ones, and it reinforces our conviction to hold stocks through the tough times as we reap the rewards when they recover.

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