The decision to re-enter the market on 24 March is beginning to look propitious.

There has been the odd bad day. But the overall direction since 23 March when the FTSE 100 bottomed out at 4993 has been upwards with the index adding around 685 points.

The S&P 500 has performed even better, rising from the low of 2,237 recorded on 23 March to just short of 2,750 at the close on 8 April, an increase of nearly 23 percent.

Its performance has been especially strong over the past three days with the index adding another 261 points or 11.5 percent.

All this means that losses on the equity portion of thi...