Top of the market? - part 1

Enough is enough - it's time to start a "top of the market" series.

Why? Because there was another clear sign today (in my humble opinion) that UK is in the midst of a raging bull market, which normally means the economy is peaking (give or take eighteen months).

This afternoon US private equity giant KKR bought a 25pc stake in Marshall Wace, the hedge fund founded by Paul Marshall and Ian Wace. ..