Quote:
Originally Posted by Damien
The fact the markets record their highest gains the day after was a sign it was a good move isn't it? They have done ok the last 3 days and it seems to have stabilised the markets?
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Quote:
Originally Posted by Chris
Market moves can be prompted by a lot of things and are seldom easy to explain. It would be very simplistic to credit a sudden upturn to anything G. Brown has done. Doubtless it had an effect, but then you also have to factor in all sorts of other things, such as the cold, hard realisation that undervaluing companies is as unsustainable in the long term as is overvaluing them. When the share price of a company dents its market capitalisation so hard that the company is manifestly undervalued, people will start to buy those shares again.
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Further to my earlier comments, here's the current FTSE market data:
3962.75 -116.84 -2.86%
Yep, I'd say El Gordo really put a stop to that global economic gloom.
Not.