Thursday, December 23, 2010

Bangladesh Investors Riot Over Stock Market Fall (BBC Report)

Recent report by BBC about the recent plunge in the Bangladesh Stock Market may be a warning to the rest of the world, as it may be a prelude to what is coming. As the Dow, S&P and Nasdaq flirt with Pre-Lehman Brother's collapse, investors sentiment is at an all time high, a signal that the markets may be near their top before the next leg of the bear market resume.

Excerpt from BBC report:


"Hundreds of angry investors have staged protests in the Bangladeshi capital, Dhaka, after the stock exchange saw its steepest ever fall in a day.


Reports said they threw bricks at police, marched in the streets shouting slogans, and staged a sit-down protest.
Shares in the stock exchange suffered large falls within hours of opening on Sunday as panicked investors went on a selling spree.
The index ended the day down by 552 points or 6.72%.
It has been on a rollercoaster ride in recent weeks, hitting a record high on 5 December, having climbed 80% since the start of the year.
But on 8 December it nosedived, prompting protests in Dhaka and towns elsewhere".
Small investors stage street protests in Dhaka, Bangladesh, on Sunday after the stock market's steepest fall in a single day


Full report here: http://www.bbc.co.uk/news/world-south-asia-12033373?utm_source=twitterfeed&utm_medium=twitter