Monday, 17 March 2008
The FTSE100 fell over 200 points today or 3.16%, taking the losses for the year close to 20%. A great start to the year so far for us all. Together with a housing market slump there is precious little to invest in save gold at the moment.
In a significant move today the Bank of England stepped in to push another £5 billion into the money markets to keep some semblance of order. The issue was 5x over-subscribed.
All I can say is it may be a case of wishful thinking on this week's vote that the leader so far is no more UK casualties. (The market was led down by HBOS - do none of you read my posts?!)
Still, this reaction an Alistair Darling budget is even more than i expected; I am glad we only have them once a year!
Posted by CityUnslicker