The London Stock Exchange will be the next victim of the global markets meltdown which could get worse before any recovery, according to leading stockbrokers and one of Britain’s biggest fund managers.
Foreign & Colonial say stock markets around the world may not stop falling until “outright capitulation” marks a turning point in investor sentiment. Winterflood Securities predict the London Stock Exchange will suffer the ignominy of seeing its own shares thrown out of the FTSE 100 Index next month. ......
...... Independent financial adviser Alan Steel – who predicted the stock market setbacks earlier this year – urged investors who have not already sold to resist following the crowd now. He said: “Don’t you just love how the consensus is always wrong?
“Check this out, a year ago the US Dollar was for the dogs and the world’s best alternative was the Euro. I am not making this up.
“Remember the Brazilian super model who announced she no longer wanted to be paid in dollars but in Euros instead? Do you think she’s married to an economist?”
Quote courtesy of The Telegraph on-line
Friday 21 May 2010
