Thursday, August 12, 2010

Bear trap


The Japanese stockmarket entered a technical bear market intraday today as it fell 20% from the 18 month high it had reached on 5 April. Unemployment in Greece hit 12% and has breached 20% in Spain. QE2 hasn't yet materialised in the US. The winter of discontent is arriving early.

3 Comments:

Blogger Angus said...

Did it ever leave?

7:11 am  
Blogger Winchester whisperer said...

For a few months this year it was the top market!

10:03 am  
Anonymous kinglear said...

Well, interestingly, I would have said things in the real world are picking up in Scotland. From last year with perhaps one enquiry for space every other month to now when we are getting 2 or 3 per day and don't have any availability

8:14 pm  

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