Tuesday, November 23, 2010

Stocks tumble again

Stocks fell again today, with the markets still unsettled in Europe over the impending Irish bailout, also worries over the financial stability of Portugal and Spain.

The Dow was down 142.21 points, it's fourth drop out of the last six trading days. The fed down graded next years recovery forecast, but it has been a long and hard recession, it doesn't recover over night.

Further weakness was caused by the news that North Korea shelled a disputed island in South Korea killing 2 south Korean marines. South Korea then fired back.

I seriously think the world is going mad!

NCT dropped 30c, it's not a worry at the moment, it's doing what shares do moving up and down. As long as it stays within it's box it's fine. Hope tomorrow brings some light relief.

Marigold says 'peace man'

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