Bad morning in the markets

Realy

!!!!!!? wrote: »

Bloomberg is giving FTSE at 4629, down 7.51% on the day.

52 week high is 6730. Shocking!

But to put the nationwide spin on it is the lowest for 4 years but 40% higher than 2003 low.;)

ginvzt

FTSE 100 index closed down 7.3% at 4,617.24

http://www.marketwatch.com/news/story/european-shares-post-biggest-one-day/story.aspx?guid=!!6F38E18A-460E-4580-B1B0-8C623D7840FF}&dist=hplatest

And according to the BBC - FTSE 100 down 7.37%, at 4613.35!

Treadmill

Is that the sound of my final salary pension imploding I hear ?

WTF?_2

Realy wrote: »

But to put the nationwide spin on it is the lowest for 4 years but 40% higher than 2003 low.

Now, will house prices join it in 2003?

My money (assuming the bank hasn't gone bust) is on 'yes'.

Treadmill

I hope theres not another bailout or ban on shorting, I don't think the FTSE could stand it

Realy

!!!!!!? wrote: »

Now, will house prices join it in 2003?

My money (assuming the bank hasn't gone bust) is on 'yes'.

But the good news after inflation my mortgage is the equiverlent of 50p;)

Realy

Treadmill wrote: »

I hope theres not another bailout or ban on shorting, I don't think the FTSE could stand it

As I said today 100% guarantees on deposits is the bailout green light. (so I belive)

Treadmill

!!!!!!? wrote: »

Now, will house prices join it in 2003?

My money (assuming the bank hasn't gone bust) is on 'yes'.

With the money supply dried up the price of everything will hit 2003 levels

WTF?_2

Is this the point where the Chinese steam in and buy up everything in sight?

It's a lot nicer than sending a gunboat to blow the s*** out of us, like we used to do to them.

steadysaver

Treadmill wrote: »

With the money supply dried up the price of everything will hit 2003 levels

BC or AD??