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Two views of the Footsie – twin peaks or cliff dive

Here’s the FTSE 100 on Monday – off 5.5 per cent, or 210 points at 3673 around 8.20 GMT.

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Here’s a longer-term perspective. The index is now less than 400 points above the low 3287 struck in March 2003, when a spiral of forced selling by insurance companies triggered regulatory intervention.

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Related links:
Asian stocks drop on recession fears – FT

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