FTSE 100 has taken a nose dive today!

Californication

Treadmill wrote: »

A 471 point drop is needed Monday for the worst drop on the FTSE ever, NYSE is shut monday so the dow won't reign in any drops when it opens... I think its a possibility. I think we will see a drop in the region of 550-550 Points.

http://www.nyse.com/about/newsevents/1176373643795.html

NYSE isn't closed on Monday, or am I missing something?

--C

Jennifer_Jane

It's Columbus Day - but Wikipedia says this:

New York
In New York State, Columbus Day is a holiday, as government offices and public schools are closed. However, the stock markets remain open.

Jen
x

Dithering_Dad

It's always darkest before the dawn. Buy low, sell high. Every cloud has a silver lining. Buy when the herd is selling, sell when the herd is buying.

And other such gems.

Chris2685

But sometimes if you don't stick with the herd you get eaten by the wolf!

Californication

Dithering_Dad wrote: »

It's always darkest before the dawn. Buy low, sell high. Every cloud has a silver lining. Buy when the herd is selling, sell when the herd is buying.

And other such gems.

Buy on the sound of cannon, sell on the sounds of trumpets.
Don't try to catch a falling knife.
Sell in May, and go away; don't come back until St Leger day

So that's two for a buy and one for a sell. Although you're a week late for St Leger day

--C

Realy

Heyman wrote: »

I'll laugh at what I want when I want, thank you. :rolleyes:

And I understand all to well the problems facing the FTSE. Doesn't mean that I or you or the original poster can say with any certainty at exactly what time we'll get back to a certain FTSE index figure.

A long time before the stock market recovers, yes.

2 years before it's back to over 6000 is crystal ball territory.

If I were you I would put my money where your mouth is.
If you think it will be back there by then you should invest now.

Heyman_2

Realy wrote: »

If I were you I would put my money where your mouth is.
If you think it will be back there by then you should invest now.

Actually, that's what I should be saying to YOU.

Just to refresh your memory, you're the one who backed up the original poster's '6000 in 2 years time' post. I'm the one who's saying that you'd need a crystal ball to be that exact.

Realy

Heyman wrote: »

Actually, that's what I should be saying to YOU.

Just to refresh your memory, you're the one who backed up the original poster's '6000 in 2 years time' post. I'm the one who's saying that you'd need a crystal ball to be that exact.

No he said.

wolfman wrote: »

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

He said it will not get up to or over 6000 for the next couple of years. I would say I agree they will not be over 6000 in the next couple of years.
I dont think that is being or trying to be exact.
I dont think house prices will be back to 2007 levels in the next two years do you?

Heyman_2

We aren't talking about house prices :rolleyes: But we should be, given that it's the name of the board.

If you're talking about the FTSE, I don't know when it'll be back to the 6000 mark. 1 year? 2 years? 3 years? I don't know. No-one knows. That's my point.

I'll leave it there otherwise this will start getting a bit silly.

Realy

Heyman wrote: »

We aren't talking about house prices :rolleyes: But we should be, given that it's the name of the board.

If you're talking about the FTSE, I don't know when it'll be back to the 6000 mark. 1 year? 2 years? 3 years? I don't know. No-one knows. That's my point.

I'll leave it there otherwise this will start getting a bit silly.

My point exactly if you dont know why laugh at him?
I just presume you missread his post and are to to admit it.