Torrid week...

As most readers will know it was a torrd week on the Stock Exchanges worldwide. FTSE100 fell 5.62%. The pain was felt in the tech sector too with NASDAQ down 4.64%, Techmark down 4.4% and the FTSE SCS Index (the one that tracks Software and IT services stocks in the UK) down 4.9%. UK Telecom stocks fell 5.7% and European Telecom stocks were down 4.5%. Even the normally 'robust' Support Services sector fell 6.9% - wiping out all the gains for the year.

Early Monday morning, stocks continue to fall...