Here we are :-), the month of November is comming to an end, and what a month it has been. October 2008 will unquestionably go down in history as black month on world markets.
However November wasn't much brighter either, on the 20th (Thursday) the FTSE-100 fell below the psychological 4000 level and Friday has seen more trading down in these regions. The Dow as well as the just mentioned british index are at their lowest for over 5 years this month.
More falling is to be anticipated, governments around the world however are actively fighting the oncoming avalanches of disaster, such as a sheduled statement in the UK on Monday 24th and plans to reduce VAT to 15%, see http://news.bbc.co.uk/1/hi/business/7739749.stm, http://news.bbc.co.uk/1/hi/uk_politics/7744273.stm
As for the comming week, who knows, it might be a very bad week indeed, however as for tomorrow FTSE-100 will likely open with a positive gap, due to the large Dow Jones gains on late trading hours on Friday, positive intervention plans by UK government and finally 3 continuous days of ~10% drops might call for some new interest from traders.
A lot of hope has been lost and long term or even mid term positive trends are extremely unlikely. But there is still hope, by mid-2010 we might be out of this recession http://biz.yahoo.com/ap/081123/lt_apec_summit.html!
hehe, oh my :-((
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