Equity investors are having a rough time at the moment.
All of Asia’s major stock markets plummeted on Tuesday morning, continuing a bloodbath in share prices that saw London’s FTSE 100 suffer its biggest one-day fall since the 9/11 terror attacks as fears of a worldwide recession gripped the markets.
I wonder what brought that on? Could it be that the lack of easy money going through the financial system will finally impact on company earnings? I have no idea; I don’t work in the industry. But with the bears rampant, it will be interesting and worrying to see our political lords and masters promise ‘interventions’ to ‘stabilise’ the market. Good luck with that!