The Hotsheet September 2008 |
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IfIf you can keep your head when all about you If you can dream - and not make dreams your master; If you can make one heap of all your winnings If you can talk with crowds and keep your virtue, (Or, presumably a Woman, my daughter!) This is a poem by Rudyard Kipling |
Can Things Get Any Better?Share prices have soared in London, with the FTSE 100 index rising more than 400 points - its best performance since the index was created in 1984 - on hopes that the American government will ride to the rescue of distressed banks. The mood was also lifted by a ban this side of the Atlantic on the practice of short selling. The dramatic rally in the FTSE 100 index has added £95bn to the value of the UK's top 100 companies. Wall Street shot up by more than 400 points last night as news emerged that the US Treasury and the country's central bank are trying to put together a government-sponsored firm - dubbed "bad bank" - which would take control of toxic financial assets and clean up the banking system. Hopes that the move will stop the contagion which started with the collapse of Bear Stearns last year and reached a dramatic crescendo this week, pushed shares in London higher with the FTSE 100 index of the UK's top companies rising well over 400 points by late morning. By 11am BST the index of leading shares stood at 5281.3, a rise of 401.3 points. That is a rise of 8.22% and if the market were to close at these levels its would be the index's biggest rise since it was created by the Financial Times and London Stock Exchange in 1984. Before the FTSE 100 was created, the Financial Times tracked a smaller basket of shares called the FT 30. It would beat the index's best one day performance to date, which was on October 21 1987 when it rose 7.89%, rallying after a two-day crash which had seen the index plunge 23%. http://www.guardian.co.uk/business/2008/sep/19/marketturmoil.stockmarkets 19th September 2008 |
Good Career AdviceAn American tourist was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Author unknown |
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Call Guy Buncombe on 01279 657716 for more information. |
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