Barclays Shares Down 25%
Most of the losses occurred in the last hour of trading. The City is awash with rumours as to why. With the Treasury looking at a second round of bank bail-outs it looks like the taxpayer is going to need a lot of lube for another big shafting. Admittedly it could just be an old-fashioned bear ambush now shorting financial stocks is permitted again...
*Guido covered his gilt short anyway. when fear grips the markets government bonds tend to rally. Will short gilts again later...
Friday, 16 January 2009
Posts
