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VALUE CHECK - APRIL 30, 2010

The upward trend of stock market prices has continued into the month of April. This improvement is largely due to comparatively low interest rates, generally good corporate earnings results and significant investor cash availability. However, although this advance has been climbing the proverbial wall of worry, the worsening and far-reaching sovereign debt problems of Greece, Portugal, Spain et al could potentially upset the world stock markets. Moreover, despite being both a lucrative trading and stock picker’s market, investors should remain wary and very disciplined bearing in mind that we are now entering a stock market period of seasonality and reduced summer activity.


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