UK 13:37 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hedge fund manager Crispin Odey grabbed all the headlines this week with his uber-bearish call. But is he correct? That is the sole topic in this podcast
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Tim reynolds
Hi tom . Just to add some support you mention all sectors except house building have had profit warnings .check out Balfour Beatty from memory they have issued profit warning after profit warning recently and it’s affecting the dividend
modsa
Unfortunately I think Tom is right and we’ve got to be very careful what we invest in, and what wwe retaim as well. I am happy to thin out my holdings but I already find it difficult to know what to add, it is probably a good time to add a few oillies like LGO but I suspect consumer stocks like Diagio are a nono.
2+2=4
Balfour Beatty are builders but not housebuilders