Trades and observations from a British contrarian stock investor

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Wednesday, April 28, 2010

Market continues to fall as market worries turn to Portugal

The Dow Jones Industrials finished down nearly 2% at 10,992, a fall of 213 points as Greek Debt worries drove  the sell off. The FTSE 100 is currently down 55 points at 5,547 as the Athens stock exchange bans short selling for 2 months to try and stem share price falls and the the Portugal stock market also fell heavily this morning. Focus has shifted to Portugal following S&P's debt downgrade as the next potential bail out victim.


After weeks of looking way too expensive, there are several stocks that are beginning to move into the value zone.