Summary
Anyone who thought that the recapitalisation of the banks would be a buying opportunity for London shares has been rapidly disabused.
The latest 5.4pc plunge of the FTSE100 takes it to its lowest level since April 2003, the dying days of the dot.com fiasco.See the full content of this document
Extract
A Bad Time to Do Top of the Market Deals ; Comment
What will be most worrying to investors is the spread of the panic selling from financial stocks, where life remains highly uncertain, to the sectors holding the market up.
The fall in t...See the full content of this document
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