Are we on the brink of a share price plunge?

By: | Tags: | Comments: 0 | November 11th, 2014

The above heading in the Money Mail back in June provided a stark warning to savers eagerly anticipating the increase in the ISA allowance to £15,000, effective from 1st July.  This was a dramatic headline, but the facts and figures behind it should not be ignored.  Indeed, our own in-house analyst has been increasingly concerned about a serious correction, if not necessarily Armageddon, for over eighteen months now.  The article revealed that a survey of fund managers across the globe by Bank of America discovered that the average fund manager was taking money out of shares and putting it into cash.