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January 22, 2008

FINANCE WORLD IN PANIC!!! – Traders come close to tears…

Interesting piece of news… a Merrill Lynch trader, surely after taking a deep breath, thought if-not-now-then-when and sent out a mass email screaming out…the obvious!

Yes, we have all read or heard at some point the infamous Andersen’s tale “The Emperor’s New Clothes”…Just like that cute little boy, this trader, said: One of the craziest and most volatile days, indices have ever seen…

It might sound as a-rather-safe-way-to-put-it to you, but believe me with 5.5% fall in FTSE 100 – the biggest since the terrorist attacks of September 11 2001, it is NOT.

And the thriller is set to… be continued.

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