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MSE News: Shares decimated amid world economic turmoil
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"London's leading shares index sustained heavy losses as the turmoil engulfing world markets showed no signs of easing ..."
"London's leading shares index sustained heavy losses as the turmoil engulfing world markets showed no signs of easing ..."
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Comments
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Shares go up and down..........this is "News"??? or "The end of the world"(BBC Breakfast)?................the FTSE has been lower, hasnt it?0
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I have some shares and bought for the income potential. I have never invested more than 8% of my capital and fear of being depressed I will not look until the dust settles.0
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Good to see the word decimated used about a roughly ten percent total drop!0
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Investors (day traders :mad:) are panicing in case certain ecomonies will be unable to repay their national debts so they pull their money out of the stock markets around the world causing them to drop dramaticaly and set in motion a spiraling selling spree thus causing other markets to follow suit and so on ....
The economies at risk of defaulting are now in a worse position than they were and even more likely to default because of the fall in the markets thanks to the day traders taking their profits and running away.0 -
Well, that's what it means: reduced by a tenth. Not how it's commonly misused, but it does mean a 10% reduction - see http://en.wikipedia.org/wiki/Decimation_(Roman_army)Good to see the word decimated used about a roughly ten percent total drop!0 -
JimmyTheWig wrote: »Well it would have been, were the drops not (other than some individual banks mentioned) around 2%-5%.
hmmmm......
The high for the FTSE this week was around 5913 and the low 5199 (out of hours futures) - I make that around 12% drop in a week......where do you get your information?? :O0 -
Depends how many days you're counting and which markets.
Yes. It's what prompted my comment, though I've slightly altered what I've quoted to put the trailing ) in the right place to make the correct link.Well, that's what it means: reduced by a tenth. Not how it's commonly misused, but it does mean a 10% reduction - see http://en.wikipedia.org/wiki/Decimation_(Roman_army)0 -
the FTSE has been lower, hasnt it?
Its back to around last September now. So, its still within 12 month trading low/high.
Still got some way to go before it can be classed as a crash. Currently correction would be a closer wording. Of course, whether it goes further we wont know until it happens. I suppose we were due a larger correction giving the level of growth we have seen over the last 2 years.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Apart from an Ignis Corporate Bond fund I hold all my other funds are heading south at the moment:mad: although not at jumping out the window.
I hold a range of funds,most of which exposed to the UK and European equity markets.Split between Cautious and Balanced risk with a some income and growth.They say the best time to buy is when the market is falling but personally times like these make me realise what a novice I am when it comes to investment.
My pension.At one point I was up 8% now I am getting close to 2% since I changed to an Aegon Group Pension Plan.My work contributes 10% to it so in the cold light of day I have got to be realstic.Still worrying times.0
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