The banker was lip-wobbling into his beer. (It would have been Château Lafite, however occasions are onerous.)

“The market has taken a firm view,” he stated. “It hates us.”

He wasn’t referring to bankers generally – that’s for the broader public – however to traders’ perspective to UK shares.

For ages solice has been taken from the notion that since London stocks are so clearly undervalued, the large boys would in some unspecified time in the future realise what an incredible shopping for alternative that represented and the values would appropriate.