Eurozone crisis Equities hit hard

Global Equity markets dropped heavily Wednesday as nervousness over the Eurozone solution and time frame caused waves of selling in a Christmas lower volume market. The Footsie lost over 2.25% with Financials hit hard, as the worries over lending to financially unstable countries that could potentially default, will not go away.

Unfortunately this situation is set to run and run, complex situations require complex solutions and as markets get thinnner and thinner, ahead of the Christmas break, volatility in all markets, not just equities, will increase as movements are exaggerated.

Not a great year for fund managers, most showing negative returns for the year todate.