More market mayhem - FTSE back down to 3,777

baby_boomer

Will it never end?

Track Monday's carnage on this FTSE100 chart

At the end of the day, IceSave was probably a better short/medium term bet.

aqueoushumour01

i thought last week was the low - how wrong was i!

happywarmgun

It is carnage isn't it? My brokers statement arrived yesterday... I'm tyring to get my head around the fact that my portfolio is worth (considerably) less now than it was 7 years ago!

Oh well. Always had a high risk appetite so you can't moan when you get bitten - only invested money I could afford to lose etc. etc.

Oblivion

I think we'll be seeing this trampoline act for some time to come. The markets are just so jittery, they are over-reacting to any little bit of news, which can send prices plummeting one day, and bouncing back up the next.

Not a good time to be short-term investing unless you have nerves of steel and your nose glued to a PC monitor. I've currently bailed out of the stock market; I can do without the indigestion.

Dave.

ginvzt

Don't worry, it is all ok - it is down 'only' -7% at the moment! :beer:

Milarky

Just think of all that lovely stamp duty for the Exchequer

"BUY!..SELL!..SELL!...BUY!!..SELL!!!..BUY!!!...BUY!!!!...BUY!!!!!....SELL THE LOT!!!!"

~Chameleon~

Milarky wrote: »

Just think of all that lovely stamp duty for the Exchequer

"BUY!..SELL!..SELL!...BUY!!..SELL!!!..BUY!!!...BUY!!!!...BUY!!!!!....SELL THE LOT!!!!"

:rotfl: :rotfl: :rotfl:

I'm so glad I resisted the temptation to jump in a couple of weeks ago. I was almost regretting it earlier this week

aqueoushumour01

~Chameleon~ wrote: »

:rotfl: :rotfl: :rotfl:

I'm so glad I resisted the temptation to jump in a couple of weeks ago. I was almost regretting it earlier this week

well i did jump in this week - i need to keep reminding myself that it's 'a long term investment' :cool:

baby_boomer

You're in good company. I hope Warren Buffet is enjoying the ride.

Although he's probably not as worried as the ordinary investor.

tradetime

Like watching a slow motion car crash, likely see a move back to the lows and possibly beyond when the US re-opens, futures market is currently at limit down.

baby_boomer

Robert Peston's BBC bloc

He starts to question the wisdom of Anthony's Bolton's "buy" assessment of shares, but questioning whether company earnings will stand up in the downturn.

Milarky wrote: »

Just think of all that lovely stamp duty for the Exchequer

"BUY!..SELL!..SELL!...BUY!!..SELL!!!..BUY!!!...BUY!!!!...BUY!!!!!....SELL THE LOT!!!!"

Not a lot of stamp duty coming from the housing market, though. And not a lot of capital gains from many of these share sales.