{"id":88715,"date":"2025-12-29T09:10:35","date_gmt":"2025-12-29T09:10:35","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=88715"},"modified":"2025-12-29T09:10:35","modified_gmt":"2025-12-29T09:10:35","slug":"fools-and-their-money-are-still-being-parted","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/12\/29\/fools-and-their-money-are-still-being-parted\/","title":{"rendered":"Fools and their money are still being parted"},"content":{"rendered":"

A couple of weeks ago, I wrote suggesting that investors should beware the end of December<\/a>.<\/p>\n

Why? The UK stock market peaked on 30 December 1999 and took more than a decade to recover, having halved in value over the following two or so years.<\/p>\n

Then I note this morning's news<\/a> in the Guardian saying:<\/p>\n

\"\"<\/p>\n

and:<\/p>\n

\"\"<\/p>\n

It seems that fools and their money are still being parted. I still think this will end in tears. These prices are evidence of the exuberance of money seeking returns from speculation rather than purpose, and every such bubble in history has burst. There is no reason to think it will be different this time.<\/p>\n

\n

Comments\u00a0<\/b><\/p>\n

When commenting, please take note of this blog\u2019s comment policy,\u00a0which is available here<\/a>. Contravening this policy will result in comments being deleted before or after initial publication at the editor\u2019s sole discretion and without explanation being required or offered.<\/p>\n","protected":false},"excerpt":{"rendered":"

A couple of weeks ago, I wrote suggesting that investors should beware the end of December. Why? The UK stock market peaked on 30 December
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