Tuesday, 8 December 2009

Not a happy December



Today so far the FTSE has fallen 1.6% and is not showing much sign of a recovery. True the market has not collapsed in recent weeks; but it has been going sideways foLinkr some time. The sickly banks of RBS and Lloyds are well down from their recent highs, in fact RBS is only 30p down from 50p recently. That is quite a haircut.

Why so bad today - well where to start, possible UK ratings downgrade, tax hikes forecast in the tomorrow's PBR, Dubai debt default not as easy to get past as people had hoped.

All in all a horlix - my whole portfolio is red today, not a single winner! sadly, I think this is the shape of things to come next year. We avoided the expected October crash, but I fear the bear will be back early in 2010.

3 comments:

James Higham said...

True the market has not collapsed in recent weeks; but it has been going sideways foLinkr some time.

Best not to say anything.

Anonymous said...

About time somebody says it like it is

Knock, knock.

Hello Middle East, hello Greece, hello UK, hello east EU.

When $600T is spread between max 30 financial thieves globally, their statements about risk levels are pure crap.

They know it.

Gov't know it.

We know it.

WTF are we where we were 18 months ago?

Stop creating WMD you b*stards!

Start legislating you political b*stards!

Stop using non-cash profits to create bonuses you greedy b*stards!

Anonymous said...

About time somebody says it like it is

Knock, knock.

Hello Middle East, hello Greece, hello UK, hello east EU.

When $600T is spread between max 30 financial thieves globally, their statements about risk levels are pure crap.

They know it.

Gov't know it.

We know it.

WTF are we where we were 18 months ago?

Stop creating WMD you b*stards!

Start legislating you political b*stards!

Stop using non-cash profits to create bonuses you greedy b*stards!