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Saddling up for gains

Dominic Picarda

Saddling up for gains

Thanks to the furore over the ingredients used by some of Britain's finest budget victuallers, we now know that horseflesh is routinely passed off as beef. There are more than a few traders who feel the same contamination process is at work in the world of equities. The indices' unstoppable gallop to giddying heights in the face of poor fundamentals must surely be evidence of sinister tampering with the investment food chain.

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