Simon English: Crisis, what crisis? Footsie stays unfazed
Thursday 15 December 2011
Outlook What's up with the stock market? Hasn't it been told there's a crisis on? It fell more than 100 points yesterday, but in general the FTSE 100 is acting as if there's no possible trouble ahead. It's more turbulent than usual (100-point moves used to be news in themselves) but at 5,367 it is signalling that everything is basically fine.
What's going on? One theory is that equities, theoretically the most risky asset class, are presently seen as the closest to a safe haven that exists. In other times of strife, investors abandon shares and pile into government bonds on the basis that, well, entire countries don't go bust very often.
Just now, big companies are seen as safer than countries. That's quite scary. Take heart, if you can, from the reams of evidence that investors aren't always right. Often not, in fact.
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
From rainforests and reefs to beaches and boat trips
The Silicon Valley awards which treat scientists like rockstars
comedy'Fresh Meat' star sees off stiff competition from Alan Carr, David Mitchell, Graham Norton, Lee Mack and Sarah Millican to win top prize
Mystery of Epping Forest 'big cat' is solved
North Korea: First Kim Jong-un orders execution of uncle - now it emerges that victim's wife was involved in decision to execute him
Australia incest case: Deformed children found in remote farming community after generations of inbreeding
Woman who miscarried in private prison 'made to clean up after herself,' court told
Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white
- 1 Italian court annuls prison sentence for elderly paedophile after 11-year-old victim tells investigators in Catanzaro that she loves him
- 2 Australia incest case: Deformed children found in remote farming community after generations of inbreeding
- 3 Woman who miscarried in private prison 'made to clean up after herself,' court told
- 4 Physicists discover 'clearest evidence yet' that the Universe is a hologram
- 5 Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white
- < Previous
- Next >
iJobs Money & Business
£800 - £875 per day: Harrington Starr: Programme Manager, (OTC Trading, CMMI, ...
£500 - £525 per day: Harrington Starr: Business Intelligence Consultant/Develo...
£40000 - £50000 per annum + BONUS + BENEFITS: Harrington Starr: A leading prov...
attractive: Citifocus: Leading Asset Management house, wish to identify a temp...