Saturday, 18 August 2007

Perhaps not quite so bad...yet

The cartoon today showing a City institution issuing trampolines to its brokers "so they could keep up with the market" is certainly close to the mark!
I thought I'd update my share performance table 'mid-month' for a change.
The YTD performance is hardly anything to cry about. Indeed NASDAQ is still showing a near 4% gain on the year and Techmark is up 5.6%. Indeed the Telco and Media sectors are all still up YTD.
Of course, they are all down from their 2007 peaks. The FTSE100 is down around 10%.
Don't get me wrong, I'm not shrugging off all this recent volatility. I'm just suggesting that we should keep it in perspective. We would have to suffer some further considerable losses for the year too be washout.

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