Tuesday, February 24, 2009

JSE sinks below 19 000 - time to jump ship?

Following Asian markets, the JSE has sunk 1.8% after shedding more than that yesterday. BEARing in mind the JSE was well over 30 000 last year, it's odd that no one in the media has used the word 'CRASH'. This is because the crash has been staggered and propped up, but we already know property and many other markets crashed. It took stock markets a while to catch up to reality, which says something about how delusional finance has become around the world (and the BOYZ behind all these transactions).
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