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Debate House Prices


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Didn't last long.....

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Realy wrote: »
    What time frame are you giving yourself for open? 10mins?

    It's the option expiry day tomorrow. There'll be plenty of people looking to buy (effectively) to close out put options.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I hate to say, 'I told you so' but I did so I will.

    I told you so.
  • Dithering_Dad
    Dithering_Dad Posts: 4,554 Forumite
    Mortgage-free Glee!
    Starting to creep down though Gen. I was out for dinner with some brokers last night who reckoned the FTSE100 would go down to 2500. They mentioned that one famous bear (wasn't famous to me, so I've forgotten his name) was banking on the FTSE going down to 1000. :eek:

    I might be popping my pension back into cash today!! :O
    Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
    [strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!! :)
    ● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
    ● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
    Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.73
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Opened near 3925, then had a step up to 4025, now wobbling back down to 3975 at a reasonably linear rate.
    Happy chappy
  • Dithering_Dad
    Dithering_Dad Posts: 4,554 Forumite
    Mortgage-free Glee!
    We need it to close above 4000 and then I'll have made a slight profit and can move back into cash with a clean conscience!

    Doesn't look as though it's going to unless we have a late rally, and we don;t tend to have those on a Friday :(
    Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
    [strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!! :)
    ● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
    ● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
    Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.73
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Dithering_Dad wrote: »
    Starting to creep down though Gen. I was out for dinner with some brokers last night who reckoned the FTSE100 would go down to 2500. They mentioned that one famous bear (wasn't famous to me, so I've forgotten his name) was banking on the FTSE going down to 1000. :eek:

    I might be popping my pension back into cash today!! :O

    Yeah, the FTSE's got a long way down to go IMO. It looks like stonking value at the moment in terms of yield but they'll fall away as profits get smashed by the credit crunch and recession.

    I'm sure there'll be time for the odd rally or 2 along the way though to draw in the unwary.

    We could see the end of the Cult of Equity as most baby boomers really can't afford to lose a big proportion of their pension pot this close to retirement.
  • GDB2222
    GDB2222 Posts: 26,568 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Generali wrote: »
    I hate to say, 'I told you so' but I did so I will.

    I told you so.


    So did I - up 4% at open.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • GDB2222
    GDB2222 Posts: 26,568 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Generali wrote: »
    Yeah, the FTSE's got a long way down to go IMO. It looks like stonking value at the moment in terms of yield but they'll fall away as profits get smashed by the credit crunch and recession.

    I'm sure there'll be time for the odd rally or 2 along the way though to draw in the unwary.

    We could see the end of the Cult of Equity as most baby boomers really can't afford to lose a big proportion of their pension pot this close to retirement.


    You seem very knowledgeable about this Gen. Can I ask what you do/did as a living?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    GDB2222 wrote: »
    You seem very knowledgeable about this Gen. Can I ask what you do/did as a living?

    Banking back office. Then spent some time running the back office of a hedge fund (very poorly paid sadly - you take a gamble and it didn't pay off for me).

    I have a degree in Economics too.
  • Realy
    Realy Posts: 1,017 Forumite
    GDB2222 wrote: »
    So did I - up 4% at open.

    As much as i would like to give you credit I belive it took about 30mins to get to 4% but then it went to 4.5% sharply.

    So no wizard hat.

    Unfortunatly you are Paul Daniels;) :D
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