Wednesday, December 10, 2008

ICELAND Market Plunge

At Tuesday ICELAND time 16.40, the equity market of ICELAND recorded plunge about 40.17%, and it represented down about 265.17 points and closed at 394.88. This is terrible history and shock result.

But seem like others EURO development country (DAX CAC and FTSE) did not affected and still maintain steady. But market plunge at one country's equity market situated at Euro had given a bad signal and confirmed that economic base at Euro has been totally destroyed.

So, I am hereby classify this rally at Euro country will be ended soon. The rebound is bear run rebound, could not stand more than 5 to 10 days. Another plunge will be coming again in the entire world equity market.

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