Bloody hell - it's MELTDOWN on the FTSE

ginandtonic1988

ginvzt wrote: »

It was down 7.7% at one point!!!!!!
Back to -5.75% now....

Im looking at the London Stock Exchange webpage ticker and I see that the FTSE 100 is -9.30 is this the right place to look at what you guys are talking about?

Woby_Tide

try something like http://finance.yahoo.com/q?s=%5EFTSE it has some extra figures also

its a few minutes behind

Mark-W_2

Looks like the early loses have been regained, uk and ECB have cut rates by 0.5%

leviathan

Mark-W wrote: »

Looks like the early loses have been regained, uk and ECB have cut rates by 0.5%

Great.
Looks like the independant BoE managed to rally the markets for now.
I wonder how much prompting the govt gave them.

With other countries around the world also dropping interest rates at the same time, one might be forgiven for thinking it was a join decision brokered by the politicians.

But I'm forgetting the BoE's independance of course :rolleyes:

It'll be taking a nose dive again tomorrow. Short lived excitement.

BettiePage

What's left if this cut doesn't work?

Realy

BettiePage wrote: »

What's left if this cut doesn't work?

More cuts.
Check out the USA and Japans rates.

Dithering_Dad

posh*spice wrote: »

The bottom is only reached when all the bulls completely capitulate - when will that be?

If you think there are any bulls left in the stockmarkets then you're a bigger fool than even I take you for!

The bottom of the market will be reached when your ordinary punter decides to sell off all his shares, at any price, because he's afraid of them becoming worthless.

BettiePage

Realy wrote: »

More cuts.
Check out the USA and Japans rates.

But then what?.......

johnycoldears

Definition of capitulation bottom for the benefit of Dithering Dad


" Stock traders are the world's greatest optimists. Their natural state is bullishness and they see the world from an "up-and-to-the right" slant. (That is, they believe things will always get better — particularly, that stock prices will rise — over time.) When tough times hit the stock market, this optimism wanes, but it's usually still easy to find a few traders who remain undauntedly upbeat. But if things stay awful for a long time, or if the markets are battered by one piece of bad news after another, then even these last few optimists abandon ship. When that happens, when everyone just surrenders to the bear and no one has anything left to sell, then a bottom is reached — the capitulation bottom — and the market should soon resume its rising ways"

MrDT

BettiePage wrote: »

But then what?.......

I guess you just give up and do nothing...

"Although it did not cut its own rate - which is just 0.5% - the Bank of Japan expressed its "strong support" of the policy."

http://news.bbc.co.uk/1/hi/business/7658958.stm