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FTSE 100 has taken a nose dive today!
formulaonefan
Posts: 357 Forumite
Its down nearly 9% now.
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Comments
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formulaonefan wrote: »Its down nearly 9% now.
Any more and I would'nt be surprised if they suspend trading.
I believe personally now tho is the time to buy up cheap undervalued stocks and shares. Long may the sell off continue0 -
Stands at 4474 ... Down 412 so far !!! ... :eek: Its gonna be a VERY BAD 2009 !!! .. Just to think it was at 6500 last summer I think !0
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No, it is going to be a very bad 2008, we don't know how 2009 is going to be - maybe someone will come up with a magic solution to all the problems and it going to be a very good one!
No, where are all the witches, sorcerers, etc when we need them????Spring into Spring 2015 - 0.7/12lb0 -
steadysaver wrote: »I believe personally now tho is the time to buy up cheap undervalued stocks and shares. Long may the sell off continue
Sure, but how do you know that the company who's shares you buy cheap will survive the next year. If things continue as they are there's a very real possibility that certain shares will become worthless.0 -
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How the stock market works...([strike]plagiarised[/strike] borrowed from another forum post elsewhere):-
It was autumn, and the Apache Indians in their reservation asked their new Chief if the winter was going to be cold or mild.
Since he was an Indian chief in a modern society, he couldn't honestly tell what the weather was going to be.
Nevertheless, to be on the safe side, he replied to his Tribe that the winter was indeed going to be cold and that the members of the village should collect wood to be prepared. But also being a practical leader, after several days he got an idea.
He went to the phone booth, called the National Weather Service and asked, "Is the coming winter going to be cold?" "It looks like this winter is going to be quite cold indeed," the meteorologist at the weather service responded. So the Chief went back to his people and told them to collect even more Wood.
A week later, he called the National Weather Service again. "Is it Going to be a very cold winter?" "Yes," the man at National Weather Service again replied, "it's definitely going to be a very cold winter." The Chief again went back to his people and ordered them to collect every scrap of wood they could find.
Two weeks later, he called the National Weather Service again. "Are you absolutely sure that the winter is going to be very cold?" "Absolutely," the man replied. "It's going to be one of the coldest winters ever."
"How can you be so sure?" the Chief asked.
The weatherman replied, "Because we have observed the Apache Indians on their reservation are collecting wood like crazy and that ALWAYS indicates a forthcoming bad winter."
And that, my friends, is how stock markets works!!!0 -
Sure, but how do you know that the company who's shares you buy cheap will survive the next year. If things continue as they are there's a very real possibility that certain shares will become worthless.
there in lies the problem of which shares to purchase. The best way would be to buy into several funds to spread the risk. Diversification is the key, you may get one company who goes down the pan, but another that makes the most of the economic slow down. But the big energy firms are usualy sound as a pound (just look at the profits)0 -
If I had bought shares pre-2005 I would be selling like crazy now. I (completely uneducated guess made from looking at charts) think it is going drop much lower.0
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If I had bought shares pre-2005 I would be selling like crazy now. I (completely uneducated guess made from looking at charts) think it is going drop much lower.
Depends on whether you trade shares for capital appreciation in their price or want to hold them longer term for dividends.
Longer term, the FTSE will go waaaaaaaay up from here. Plus the price to earnings ratio at these prices looks very attractive on many shares (OK, earnings will go down in a recession).
If you were buying for a pension then right now wouldn't be a bad time to buy as you'll hold them for decades, probably. Of course, you might do even better by waiting.
If you are just looking to trade them for a quick profit then it's little more than a punt as to whether or not to buy. They may have found a bottom but more bad news could send them even further down. Gold has just taken a hit so that may be a sign that the DOW is about to rally.......--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
If you are buying to invest, then it'll be long term. The market won't recover at the rate is has dropped. I'd say it'll be a couple of years before the FTSE even gets close to 6000"Boonowa tweepi, ha, ha."0
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