Friday, 7 September 2007

Another mini-crash where Euronext Lisbon wasn’t an exception

1. Bad macro-economic indicators in the States,

2. generalized feeling of a painstakingly and inevitably slow recovery,

3. Small investors coming back from holidays still trying to grasp the big picture

4. Several big players in a “wait and see” perspective

Consequence: another mini-crash.

At 15:37 GMT, PSI 20 index was loosing 2,09% with all the stocks in the read: 13 out of 20 were falling more than 2%. Altri was “leading” with a 4,70% crash.

Update: PSI closed at -2,57%.

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