The crash !!!

Finally the crash week has ended!!! A week back no one imagined we would have a crash, something unforseen forced many investors into a crazy out ofcontrol state for some minutes, with stocks falling sharply with loosesaround the 30 to 60%. During some seconds the market was hit by massive orders to sell, that created massive panic, until now no one can explain exactly what happened. We will see how the markets react next week, what we need now is for the markets to settle down so that we may return to the gains we were having. It’s important to point out that the biggest world economies continue to grow at a faster pace than expected, however the Greek situation must be watched closely in order not to affect even more the Financial World. In all this negative atmosphere Portugal continues to have record profits for the energy companies such as Galp, Repsol, BP and Cepsa, even as crude prices fall below $80 per barril these companies once more increased final consumer prices at the pump, this way record profits are guaranted and revenue for the ever unpopular government continue. Portugal has one of the Worlds highest petrol prices for the consumer, the price paid by motorists for crude is not $80 per barril but rather a stagering $132 per barril !!! WorldWatch announced a 12% drop in petrol demand for Portugal second quarter 2010, if prices continue to increase for no apparent reason , than the demand will certainly drop further.
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