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. I was busy with my ‘O’ Levels, so didn’t notice that in the same year the FTSE went down 75%, the Dow Jones by 45%. All this, I’m sure, seemed the end of the financial world as we knew it yet is now but a blip in the graph of history. Two years later, the stock market went up 150%. Fortunes lost for those who panicked, made by those who stuck with it and were brave. Lessons of history.
“Coping with a correction – will stock market falls continue?”
There haven’t been any ‘markets plummet, £billions wiped of the value of your savings’ headlines this year. I guess there’s been other stuff going on to keep the headline writers busy. However, markets have fallen, the FTSE World index is down by more than 8% since...
