Wednesday, Feb 28, 2007
Come on...!!
BBC: World stock slump hits second day
A global stock sell-off has moved into a second day, after a wobble in China sparked fears of a big price correction and hit UK, Asian and European indexes.
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Posted by george monsoon @ 08:24 AM (180 views) Add Comment
3 Comments
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1. dohousescrashinthewoods said...
Greed turns to fear. All those mounting risks on the horizon and China's wobble looks like it may have triggered the lot.
There was a bunch of talk about clouds on the horizon, but people seemed a bit "boiled frog" about it.
Perhaps this pent up nervousness has suddenly burst.
2. harold said...
Early days yet. The market may bounce back - a lot will depend on the DJ today. Certainly better than watching Grandstand.
3. george monsoon said...
It looks like it is bouncing back.. for the time being, but it just goes to show that a minor upset can produce a big negative effect... All we need is a really big effect to cause the BOE to shove up interest rates to prop up the pound...