Between April 2011 to August shares fell by 13%, in May and June 2013 by over 10% and from April 2015 to Feb 2016, 18%. All due to Euro, Greek, China and oil crises. That should put this months 8-isn% fall for no particular reason, before going up again, into context. That doesn’t mean it’s over, and I’ve just written a piece which may or may not get into the FT, saying why it might plummet further. As you know, my glass is half-full, and I was writing with my barrister’s ‘whether you think he’s guilty or not doesn’t matter’ head on. But the message is, don’t panic. It will go down and it will go up and it will go down again. And the world keeps turning.
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.
