MacScot

A longish but plain english version of what has been happening of late can be found here:

http://www.iamone.co.uk/2007/12/01/w...-buy-the-farm/

Charismatic

Not quite true Indie, those shorting a major index will do well as will those who have cash to spend.

Remember this guy:

IndieG

May be I should rephrase that - most citizens will be affected....it is sad when people either retired those who are close to retirement will now see most of their savings wiped out in the stock market.

Charismatic

Don't pension schemes usually diversify, mix and move towards more stable investments over time as the date when someone is expected to start drawing from it approaches? You know, reduce the beta value and all that tosh?

Charismatic

Just found this, looks like I wasn't the only one with that thought: http://www.ft.com/cms/s/2abdfe26-8ef...90421%26i%3D40