For a few days it looked like what Daniel Gross of Newsweek calls the “Great Global Market Freak Out” might be over. But it isn’t.
After a few days of relative tranquillity the bad numbers started coming again and the markets reacted accordingly: my very publicly claimed favourite index, the Nikkei (which I am not feeling that friendly towards any more), managed to lose 4.7% on Tuesday alone and the FTSE 100 lost 2.63%. It is now down 9% this year.
Read the full editor’s letter here: No end yet to the misery