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Bloody hell - it's MELTDOWN on the FTSE
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This is starting to get silly
Hurrah, now I have more thankings than postings, cheers everyone!0 -
BettiePage wrote: »
650 down :eek:, at this rate I could buy a good slice of the US economy with the change in my @rse pocket, the only thing is Brown is doing is best that it will be worth nothing as well0 -
The DOWn! So all the bulls stampeded when they thought the banking system was collapsing. They just stop for breath and cautiously look behind them to see what's happening and suddenly - it's now RECESSION to worry about. Not only that but it's GLOBAL!!. So off over the cliff we go... (ed. shurely lemmings, not bulls?)
Mind you, could all climb back up tomorrow. I used to check my little ISA share movements daily, now I don't bother looking more than once a month - too bloomin' miserable.0 -
The ban on shorting american bank shares was lifted today I think
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This is beginning to get nonsensical - it's just like an endless relay race with the Dow handing over the baton to the Nikkei and Hang Seng, them to the FTSE, CAC40 and the DAX and then them back to the Dow and S&P!!! People literally seem to have given up on the equity markets. While AIG went down more because of involvement in products it did not have an expertise in, it won't be long before insurance companies (and pension funds and mutual funds) start falling down like nine pins because they have their own version of a run on them with mutual fund redemptions, pension withdrawals, etc.
I always maintained that cutting rates at this stage at the same time as announcing the bailout package was opening up your entire hand and a big risk in case it still did not manage to revive markets.It's always the grass that suffers, irrespective of whether the elephants are fighting or making love !!!0 -
Ooooooo, I love a good graph, but you can't beat a Pie Chart. The daddy of all analystic indicators.
I am seeking treatment.
I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0 -
If you thought today was bad you are in for a shocker tomorrow......;)0
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If you thought today was bad you are in for a shocker tomorrow......;)
Why do you say that - is there something specific that will cause markets to go down even lower tomorrow?It's always the grass that suffers, irrespective of whether the elephants are fighting or making love !!!0
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