Having been out on civic duties I was shocked to see the F had smashed up 100 points in a few minutes in morning trade, but closed below 3700. The language of the sales people (financial pundits) sickens me when they talk about the 'banking sector fighting back' and trotting out other belicose headlines. It's a market full of scam merchants, nothing more. Some claim to have a proven track record or clever way of predicting the market, but if they are so clever how come they have lost trillions?
Wealth has been destroyed on an epic scale and the idiots responsible are getting more of other people's money- it isn't going well and I really don't think we have seen the worst. With the Torygraph telling us that of the working age population 24% are economically inactive and 20% in government it doesn't bode well.
Yes my trade is underwater! Grrrrrrrrrrrrrrrrrrrrrrrrrr
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