Although you’d be hard pressed to believe me given that, as of the time of writing, the FTSE 100 in London is down 3.4%. It has fallen below 6,000 and is at a low for the year.<\/p>\n
Markets all over the world are still suffering from jitters caused by a shaky housing market in the US. There tends to be a domino effect — a dip in the US markets causes falls in the European bourses, which in turn hits Asian stocks; and so the cycle continues. The decline has actually been more marked in the smaller Asian markets: the Philippine benchmark is down 6% and the Indonesian 7.7%.<\/p>\n
The consistent 200-point falls on the Dow Jones over the last two days are worrying — and demoralising — but as is always the case with stocks we will have to wait and see if this is an abhorration\/correction or the beginning of something more serious.<\/p>\n
True, billions have been wiped off the value of the markets, but they are still up (a little) on 2006 and (a lot) on 2005. That may be a whole year’s progress gone down the tubes but it just requires us to take a longer-term view of the situation.<\/p>\n
While a rally is unlikely for at least another week, it will come, slowly at first and then building as investors take advantage of weaker stock prices.<\/p>\n
It’s not the end of the world, just a very bad few days at the office.<\/p>\n","protected":false},"excerpt":{"rendered":"
Although you’d be hard pressed to believe me given that, as of the time of writing, the FTSE 100 in London is down 3.4%. It has fallen below 6,000 and is at a low for the year. Markets all over the world are still suffering from jitters caused by a shaky housing market in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[29],"tags":[],"_links":{"self":[{"href":"http:\/\/tinyplanetblog.com\/index.php?rest_route=\/wp\/v2\/posts\/240"}],"collection":[{"href":"http:\/\/tinyplanetblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tinyplanetblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tinyplanetblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tinyplanetblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=240"}],"version-history":[{"count":0,"href":"http:\/\/tinyplanetblog.com\/index.php?rest_route=\/wp\/v2\/posts\/240\/revisions"}],"wp:attachment":[{"href":"http:\/\/tinyplanetblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tinyplanetblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=240"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tinyplanetblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}