Friday, August 17, 2007

Black Thursday! Exclusive to all papers!

There has been another day of losses on the stockmarket today, a bit
like last Friday which I called black Friday. The papers did not major
on it then, but they are now.

The markets are of course looking for any opportunity to over react.

There are issues in the markets which I will cover when I am back home
on Saturday, but nothing to panic about. However if the press sell the
bad news too hard they are in danger of causing a massive loss of
confidence, thereby causing a bigger problem.

Kind regards

Benedict White

1 comment:

flashgordonnz said...

Yes, we want only a mild, temporary form of panic, during which I can switch some of my cash back into shares.