Flogging today: Correction or crash? Rubbish forecasts, WB etc.
A round-up of the financial blogs and internet today:
The consensus is falls in stock markets around the world are a correction, not a crash. It’s been a lean sequence of years for doomsayers though, and like frogs, they’re coming out to enjoy the rain. Dr Marc Faber, aka Dr Doom, is one of the most [...]
Anti-Spam Challenge/Response
Have added a different Challenge Plugin to reduce the levels of spam from automated scripts. A math question will form part of the comments form. Have tested several times to check it works, which I’m not convinced the last plug in did.
Mapping the market’s convulsions
The Wall Street Journal has an interactive World map of A Week of Volatility. Some ‘highlights’:
Venezuela (General) up 4.39%
US (S&P) down 4.41%
UK (FTSE 100) down 4.1%
Japan (Nikei) down 5.34%
China (Shanghai Composite) down 5.57%
Hong Kong (Hang Seng) down 6.13%
Malaysia (Composite) down 9.26%
Argentian (Merval) down 9.3%
Five more reasons to be worried about China
When Ceri Jones filed Market report: China Crisis last Friday, she could hardly have thought that one of the risks she identified, astronomical valuations on the Shanghai bourse, would be demonstrated in dramatic fashion days later. On Tuesday Shanghai prices dropped 9%. They fell again on Wednesday, and today. Here are five more risks she [...]
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