Hello traders!

In the US tonight, the Dow Jones slumped 219.35 points to 8,604.99, while the
S&P500 was down 19.07 points at 885.35 and the Nasdaq Composite was off
26.94 points at 1,552.37.

Crude fell $3.84 to end at $36.22 a barrel.

See you in the morning with updates.....

G.

Good morning traders!

In Asia today, the Nikkei lost 78.71 points at 8,588.52, while the Hang Seng
ended the morning down 119.79 points at 15,378.02.

Happy Friday!

G.

Morning all. Market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money

Sterling dipped closer to parity against the euro, with the single currency now worth more than 95p for the first time ever. The pound's fall came amid fast-growing disquiet about the fate of the UK economy and consumer sentiment next year.
Sterling slide is worst since 1931

The fate of the American car industry looks increasingly uncertain as the White House confirmed that it is considering a form of bankruptcy in its efforts to extend lifeline funds to General Motors and Chrysler.
Bush considers car makers' bankruptcy

Barack Obama's economic team is putting together a financial recovery package that could bet worth as much as $850 billion over the next two years, the Wall Street Journal reported today.
Barack Obama plans $850 billion recovery package

Hedge funds are closing down in record numbers as disastrous returns and heavy investor redemptions continue to savage the high-rolling sector.
Hedge fund blow-ups hit record levels as firms pushed to the brink

GE could lose its shiny triple-A rating within the next two years, S&P said on Thursday, citing concerns around earnings and cash flow. Likelihood of such a thing? One in three, according to S&P.
GE could lose its triple-A, S&P says

Deutsche Bank is facing the prospect of a buyers strike against its own debt, and even debt it tries to sell on behalf of others, as big institutional investors protested the banks decision Wednesday not to repay a 1bn ($1.42bn) bond as expected in January
Deutsche Bank faces bond-buyer strike

Gazprom will cut off gas supplies to Ukraine in January if the former Soviet republic fails to settle a $2.4 billion (1.6 billion) bill, the Russian utility said on Thursday.
Gazprom threatens to cut off gas to Ukraine

A Lehman Brothers broker whose wife works for the public relations firm Brunswick has been charged with running a $4.8m insider trading ring, using information about the merger and acquisition deals that his wife was working on.
Lehman broker 'ran $4.8m insider trading ring'

Numerous investors and banks across Wall Street refused to deal with Bernard Madoff for several years before his ultimate arrest on fraud charges, amid widespread rumours of suspect activity at his broking and fund management business, it is becoming clear.
Wall Street insiders had shunned Madoff for years

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX

Midday Market Overview

KEEP an EYE

Stock :BVC
price :29.75 / 30p

A good chance of doing a -DOUBLE BOTTOM - and with that a reversal of the las few month downtren like the rest of the market. Results due next February expected to be very good by statements and already record Interims.


                                                          re -double bottom
The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.

More information about BVC..........

Lattest calculation for BVC of a historic a future P.E.

My calculations give the PE on Historical 2007 terms a very low PE at the moment
5.08c at $1.50 gives 3.38p

Historic
Share price 29.875p : EPS 3.38p = PE of 8.84

Shares should be valued on future earnings, so taking my Forecast 2008 of 8.07c it takes eaning of 5.38p a very low PE 5.57 and not taking account of the $60M the company holds as cash worth over 9p

Future Dec 2008
Share price 29.875p : EPS 5.38p = PE of 5.57

End-of-day Market Overview