Global Equities fall on Eurozone concerns

Markets are fickle and are once again turning to worries about the Eurozone and the ability of it's members to carry out the various agreed austerity programmes, that has caused a global equity sell off. Not so long ago the Footsie was staring at the 6,000 level and is now trading just above 5,500, having given up the good gains made this year in a single week, yesterday dropping 2.25% as did most European markets.

There are concerns also over the strength of the US and Chinese economies and a perception that most of the ammunition that governments have to kick start the global economy, has been used.

The extreme volatitlity in the equity markets last year has not been seen in 2012 but memories are long and those Investment managers that made money in the first quarter this year, may have decided to close out winning positons while they could which would magnify the downward momentum.

See a profit take a profit is the name of the game at the moment, rather than long term investing in what could become a fully fledged bear market.