The FTSE100 has closed down just over 1% to end the week at 5040.76 after spending some of the day below the 5000 level.
Autonomy was the outstanding winner today, up over 70% as the market digests the news that it has agreed to be bought by US giant Hewlett Packard. The biggest purchase of a FTSE100 company since Kraft took over Cadbury.
The FTSE250 ended down over 100 points at 9759.06 while on the continent The Dax ended over 2% lower at 5480 and France’s Cac 40 ended at 3016.99, down nearly 2%.
At the time of writing, the Dow Jones is down 10.71 points at 10979.87
Another week, another few Billions wiped off the value of stock markets around the world.
So what is an Amateur Investor supposed to do in these turbulent times? Well here are a few blog posts that I’ve been reading this week:
A plunge protection fund: Naughty, but nice – Monevator
Great Bargain, Shame About the Price – MoneyGrowers
6 Rules To Stop You Losing With Shares – Yahoo Finance
5 Boring Shares With GoGo Brands – The Motley Fool
Is This Another Great Depression? – Do-It-Yourself (DIY) Investor
And one from last week: