UK stock market shrugs off anniversary of Lehman Bros collapse
Just one year ago we saw what will be known as possibly the largest financial collapse in history when US giant Lehman Bros closed its doors for the last time. After shaking the begging bowl in the face of the US government the company was turned away and what happened next will go down in history as one of the more volatile 12 months and financially damaging 12 months ever.
However, despite the fact that stock markets around the world tend to react negatively to anniversary such as Black Monday and the crash, UK markets were up today with new found vigour and confidence in the UK economy. It will be interesting to see how the next few months pan out because while there is confidence in a recovery in the UK market there are still many sceptics out there who believe the UK in particular is still at risk of potential relapse in due course.
Even though investors appear to be building up a head of steam and confidence is on the rise there are still many hurdles to overcome and many obstacles in the way. Those who believe the stock market will move up in a straight line may well have a shock in store!
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