Yep indeed. I had just started work (in the financial services industry) then, and remember it well (both the day, and the wider course of events).
It's not generally remembered, though, that the FTSE 100* ended the year higher than it had started.
*Am I the only one who gets annoyed with Channel 4 news calling it, "The index of 100 leading shares"? Anyone who wants to know the level of the FTSE 100 will know what is meant by, "The FTSE 100".
There might be more point to it if they occasionally gave the level of the mid caps, the 350, the small caps or the All Share index.
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It's not generally remembered, though, that the FTSE 100* ended the year higher than it had started.
*Am I the only one who gets annoyed with Channel 4 news calling it, "The index of 100 leading shares"? Anyone who wants to know the level of the FTSE 100 will know what is meant by, "The FTSE 100".
There might be more point to it if they occasionally gave the level of the mid caps, the 350, the small caps or the All Share index.