Wednesday, September 17, 2008

JSE crashes through 25000, oil rises 3.5%

NVDL: I wouldn't want to be a stockbroker. The markets are really going nuts. Wild swings on a daily basis in both directions. The word 'fundamentals' has been highlighted by traders in their manuals, but using a black magic marker - effectively rendering the term obsolete.

So Barclays offers $1.75 billion for Lehman and now everything's okay. For another few weeks, maybe. Then what?
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