Cash is king, anyone? Notes held in the bank may have lost out on a trade-weighted basis by a bit, but the FTSE has lost alot more AND it's priced in those same pounds.Nick
What I find interesting about that graph is how smooth the left-hand side is and how jagged the right-hand side is.Sentiment? Shot nerves?
The Dow is now down 30 percent from its October 2007 peak.
Cash is king, anyone? Notes held in the bank may have lost out on a trade-weighted basis by a bit, but the FTSE has lost alot more AND it's priced in those same pounds.
ReplyDeleteNick
What I find interesting about that graph is how smooth the left-hand side is and how jagged the right-hand side is.
ReplyDeleteSentiment? Shot nerves?