JSE crashes through 21 000, R/$ almost $9.40, Brent drops 4.5%

I did say earlier that stock markets would surge, then crash back down to an even lower level. That's a word that is noticably absent from the media vocabularly so I will say it again to be absolutely clear: CRASH. Earlier in 2008 the JSE was at 33000. It is now more than 33% lower, under 21 000 even.

The S&P 500 is down 32% in 2008.

clipped from www.businessday.co.za