BBC News: Reports that both US and European Markets have taken a dive today, the Dow Jones at the end of trading is down 519.83 points, that 4.62% of its value, while the FTSE 100 is down by 157.76 points. Thus latest frenzy is the worry that French Banks will need a bailout due to their holding Greek debts. Also that France like US would lose its AAA rating. As stated in early post folks this blogger is wary of such stories, one gets the feeling that someone or Institution is playing the market, and making a killing. On the stock market there are always winners, Mr/Mrs/Ms/Miss are not the normal winners, they don’t quite have the money or the info to throw the market off kilter. In the US the economic prospects don’t look good, thus an added negative factor for the market to get upset about. As they said during Watergate follow the money, who making the deals and buying, this blog has an idea. Except more Market ups and downs folks, also don’t trust the French, one would not be surprised to see the French Government bailout out their banks.
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