All stock markets continuing to crash losing another 50-100 points from the start of the session to the close.
Brent Crude reaches a new high of $112.20 a barrel, Sky News post: Prepare To Pay Even More At The Pumps which I predicted a few days ago.
Gold went back down to $1395 early hours this morning before shooting back up to $1415 this afternoon, confirming investors are looking for the safest return they can find.
Not more to say really, just doom and gloom for everyone, as this is about to make the recession 10x worse. If this carries on, within a few days stock markets will be down 5% wiping out all gains from the previous 1-2 months.
I wouldn't be surprised if big airport companies such as Monarch / EasyJet / British Airways start to hit headlines , as rising fuel costs will affect their profits and will have to raise their flight fares to compensate.
Have already mentioned how serious this can affect everyone else yesterday so I don't feel the need to post it again!
Goodnight all.
No comments:
Post a Comment