Monday, June 30, 2008

Happy Slapping the ISEQ

Watching the ISEQ index for Irish stocks these days is a bit like watching one of those horrible happy slapping videos you get on YouTube. Its disgusting, nasty and unbelievable that that sort of thing happens these days. The combined value of Irish stocks is down 25% since the start of the year. Some stocks are lying on the ground being kicked by the market. Like I said, it's horrible to watch.

And just to put that 25% decline in perspective: the one and only time the Dow Jones experienced a first half decline of that magnitude or greater was in 1932 - they called it the Great Depression. They really ought to ban this sort of stuff ...

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