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airship · 02-27-2007, 03:50 PM

The Dow Jones was quoted down 507.99 points, or 4%, at 12,124.27 in late afternoon trading on Wall Street, the FTSE 100 closed on a fall of 2.3%, or 148.6 points, to 6,286.1.

All sparked off by a near-9% slide on the Shanghai Composite Index...

Reminds me of tech stocks, the NASDAQ plummet and general downturn in early 2001.

Which freed up quite a few megayacht building slots here and there back then. Or at least, the opportunity to finish "nearly-completed newbuilds".

Are we up for a repeat performance, or worse...?!

PS. I've stocked up on candles and petfood - enough to last 7-10 days...!

02-27-2007, 03:50 PM	#1
airship Senior Member Join Date: Jul 2006 Location: French Riviera... Posts: 168	Market meltdown...?! The Dow Jones was quoted down 507.99 points, or 4%, at 12,124.27 in late afternoon trading on Wall Street, the FTSE 100 closed on a fall of 2.3%, or 148.6 points, to 6,286.1. All sparked off by a near-9% slide on the Shanghai Composite Index... Reminds me of tech stocks, the NASDAQ plummet and general downturn in early 2001. Which freed up quite a few megayacht building slots here and there back then. Or at least, the opportunity to finish "nearly-completed newbuilds". Are we up for a repeat performance, or worse...?! PS. I've stocked up on candles and petfood - enough to last 7-10 days...!