Right. I have some news. But it’s special news, which calls for a special kind of mood — Cautious Optimism.

It’s a good day to be a Spencer. Retail giant Marks & Spencer reported £1 billion profits for the first time since 1998. And, Michael Spencer should surge a few places up the Sunday Times Rich List as his inter-dealer broker ICAP reported massive profits this morning.

If you could make ONE investment right now, in anything you want, anywhere in the world, what would it be? Gold, oil…a FTSE tracker fund? We’re tempted to say Africa…and Michael Spencer would probably agree with us.