The changing market

The changing market

‘There is nothing permanent except change’ – Heraclitus It really is quite something for a single company to lose a cool US$100 billion of market capitalisation in a single day…but social media behemoth Facebook managed this last Thursday. So what caused...
What a stock market index does not tell you

What a stock market index does not tell you

‘An index is a great leveller’ – George Bernard Shaw I am fairly certain the Irish dramatist was making reference to an index in a book but his quote is equally applicable to the world of stock market indices. Indices are the wonderful catch-all mechanism by...
As one quarter finishes…

As one quarter finishes…

‘The cloud never comes from the quarter of the horizon from which we watch for it’ – Elizabeth Gaskell A new quarter starts…and a new pessimism starts? Early equity market moves on first July were generally down driven by further twists and issues in the...