Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

mardatha

ok, that's very clear, many thanks. It's a whole new world to somebody who has never, ever paid any attention to it. TY !

IveSeenTheLight

sabretoothtigger wrote: »

If you want depressing, one guy predicts the dow at 41 or at least whatever the 2008 equivalent of 1932 is

http://www.oftwominds.com/blogsept08/crash9-08.html

Nice graph, but why does the scale change on the right side of the graph?
This only makes the graph look worse by elongating the drops

blisk

The EU is starting to panic as the crash deepens.

EU moves to reassure bank savers

blisk

IveSeenTheLight wrote: »

Nice graph, but why does the scale change on the right side of the graph?
This only makes the graph look worse by elongating the drops

The graph would be too big otherwise.

Another bad day for stock market.

Bank shares take a big pounding

UK banking shares have plunged on fears that more financial institutions may need government assistance.

HBOS dropped 42%, Royal Bank of Scotland (RBS) fell 39%, Barclays shed 9% and Lloyds TSB was down 13%.

sabretoothtigger

A linear scale graph for the same events leading to the Dow Jones low of 41:


http://www.market-harmonics.com/elliott_wave1.htm


A long term graph, if we saw the dow suffer to the same extent it would mean a return to early 1980's levels or a further fall of 8000pts I think

IveSeenTheLight

blisk wrote: »

The graph would be too big otherwise.

Another bad day for stock market.

If the scale was kept at the dimesions at the tp of the graph, the graph would be smaller

sabretoothtigger

Its a logarithmic scale maybe, you cant equate a loss of 1000pts now with what happened 70 years ago.

As a function of gold prices, here is another graph

blisk

Government lends £50 Billion to banks, so they can lend back to people & charge interest/fees.

Crazy !!!!!!!!!!!!!!!

Rescue plan for UK banks unveiled

blisk

Looks like people are going to have trouble getting their money back from Iceland Icesave acounts.

Chancellor Darling has said Iceland has not honoured its obligations, so doesn't sound like Iceland is playing ball.

Dave2012_2

why doesn't this forum have a policy of deleting threads like this and banning Trolls?