Three weeks of fire, after a brief prologue illusion of three sessions, and 2009 of the Milan Stock Exchange has already scored a drop of 10%.
The gravity of the situation is confirmed by the fact that as early as 2008 ended with a loss of 50% and all they wished at least one "ripresina. Instead, today the Mibtel index fell back to levels not touched since July 1997, when still in our pockets jingled the old lira.
No rebound then, no desire to buy shares at a price rates. But what kind of discount you can talk, because if a large part of the strategy describes the prospects for equity markets with nothing short of apocalyptic tone?
And paradoxically, it matters little that many of them still bear the crumpled jacket to those financial institutions that have joint responsibility for the current disaster. One wonders: but they could not tell us these things first, when the pot was boiling a concoction made from mysterious ingredients that only they were well known?
Now everybody down to pontificate that the worst is behind us, that's not it sell more cars, the houses, as finite, will remain empty for decades, while unfinished, will stay there in half the undying memory of the crash of 2008 ... hopefully it will not be deleted dall'imperitura memory of the crash of 2009.
The market is rightly confused, as are the public authorities and entrepreneurs. Only a year ago, the projected data managers until the cows so great was the visibility on the bright future of the world. Now, when you challenge the impossible, go to confirm that the next day will be sitting at their desks.
Today we live in a world that can not be certain about the future and unfortunately for those who invest in the stock market is the worst. Anyone can hold everything and its opposite. If a bank announces a hole, someone can always say that the hole was bigger. For this reason, each has its market price of reasonableness: whether the failure is Fiat is "zero", if Fiat will become one of the leading global car industry, including 5 years could be worth € 50.
were much more beautiful times of certainty, for example when we ran last summer to buy oil at $ 145 a barrel because it is intended to reach "certainly" a $ 200 per barrel by the end of 2008. Today, six months later, is $ 42 per barrel.
Never mind, we are all confident that we will return to $ 200 sooner or later, just wait. The only problem is that we do not know where to park the barrels.
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