The Telegraph reports that more than £46 billion was wiped off the stock market on Wednesday, as the FTSE 100 fell 181 points (2.8%) to 6212.
Other markets around the world are also falling, indeed at one point the Dow Jones fell by 3% overnight.
For why are the market falling?
Fear, greed, profit taking mixed with (according to the Telegraph) the following:
- fears over the stability of the Greek government and its bail-out plans. Hardly new news, and one that would have been factored into the markets many months ago.
Other markets around the world are also falling, indeed at one point the Dow Jones fell by 3% overnight.
For why are the market falling?
Fear, greed, profit taking mixed with (according to the Telegraph) the following:
- fears over the stability of the Greek government and its bail-out plans. Hardly new news, and one that would have been factored into the markets many months ago.
- ebola
- the ongoing eurozone crisis
- the ongoing eurozone crisis
etc.
Basically fear and greed as per usual!
The markets will rise again, volatility and market upswings/downswings are how people make money.
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