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FTSE 100 has taken a nose dive today!
Comments
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Now "only" 5% down. Funny how, after the last few days, that seems just normal.......much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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In 5 years time, it may look like a master stroke or an absolute disaster - hard to say which.
Worth a punt... Definitely not worth investing your life savings though as you say!
Though if things have continued to worsen in 5 years time and the markets are in a worse position than now, I think we're in serious trouble and a few k savings will be the least of our worries!! Uncertain times for sure, with some people at the extreme predicting financial armageddon and the end of capitalism - personally I think it's just a case of history repeating, albeit on a larger scale. This was one of the biggest bubbles ever and the fallout is going to reflect that. Unfortunately, I can see many, many more job losses and a few more falling giants before things get better. The next few years is going to be all about survival of the fittest (or richest) - which is not necessarily going to be the best scenario for end users / consumers (i.e. 'ordinary folk). Very tough times for small business owners (of which I am one), and we are going to need as much support from the government as possible to see us through, otherwise, we all suffer.0 -
OH and I discussed it last night.
We decided to have an amount-of-money-we-can-lock-away-for-a-long-time punt, and bought through my ISA £2k of mixed bank shares today. Bizarrely, already up £180. Maybe it should turn into a short-term investment (-:...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
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!!!
I think the way it works currently is:- UK market down a bit in the morning
- US market wakes up, sees the UK market down and reacts accordingly
- UK market sees this and marks down further - we think "Those guys must know more about their economy and politics than we do"
- US market sees this and marks down further - "Those Brits are having a tough time, which must be bad for us too"
- Far East wakes up and marks down accordingly, maybe a bit more because their exporters will be hit
- UK wakes up, sees the Far East down, and ...
No reliance should be placed on the above! Absolutely none, do you hear?0 -
neverdespairgirl wrote: »Now "only" 5% down. Funny how, after the last few days, that seems just normal....
To quote Halifax - that's a reduction in the pace of decline.No reliance should be placed on the above! Absolutely none, do you hear?0 -
:rotfl:
Based on what? Help me out, my crystal ball is on the blink today!
Based on the fact we are going in to recession, business making less money, going bust, not paying dividends.
I would say it is a fair assumption it will take at least 2 years for business to get back to 2007 figures that should mean the same for the FTSE.
Don’t laugh if you don’t understand.:rolleyes:0 -
Greenspan has said the US housing market has stabilised!0
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-7.77% again. Well not long left till it closes for the weekend!Spring into Spring 2015 - 0.7/12lb0
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