By Mark Howitt | Friday 17 October 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
You could describe what has happened to the market as a massacre over the past two days. It’s even making ‘conventional’ news now, and new ‘experts’ are being found to pass comment on it. The truth is... most of these experts don’t have a clue really. Interestingly today the Telegraph is doing a review of highly paid fund managers who at the beginning of the year were predicting the FTSE would be at 8,000 by the year end...
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