I took out a long position on III - the reason being it was recovering well from its falls this morning until everything went pear-shaped, but then started recovering again, my logic is that if it was recovering before then it will recover again provided the markets don't plummet. Price paid 1125p - watch this space.
Economic news from the US was good, not indicative of any reason for the markets to be falling. Greenspan almost apologized for his remarks the other day - ha ha. He's been doing it for the last 15 years I don't think he'll change any time soon.
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