Ouch!This is a big one. Luckily we have it on good authority that it will have ended in Britain in 116 days time.
Would be nice to lock this Government in a room until they understood it. Might never come out of course!
Now that has depressed me even further; thanks.
Conventional wisdom was that returning to 12 year lows on the Dow was a buy signal - that line in the sand got blown away.A 2/3rds drop should do the trick ie another about 15-20%.Ouch.Or a 90% drop to about 1500 on the Dow. The PE on the S&P was about 17.5, now about 10.4 - massively cheap in historic terms, but it probably needs to be in the 7-8 area before the cash will materialise to buy.That implies a further 25+% fall in the S&P.Or the Dow down to about 4,500.Which is about the 2/rds drop mentioned above.Hmmmmmmm...PS WV = MENDA....
Reminds me of some of the early work of our national treasure(?) artist Tracey Emin!
Tell us something we didn't already know, or expect. : (
You watch the Government will blame the USA on all of these as well
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