More market mayhem - FTSE back down to 3,777

Blah99

swiss69 wrote: »

Investors Chronicle tipped coal of africa at £1.25 - 6 months later now 34p...Great tip that was

There's a difference between a tip and a stated fact that a share is trading at discount to NAV. I don't listen to tips, I do take note of fundamentals.

tradetime

pumpndump wrote: »

I am starting to buy. There will be an upwards wave on Wall Street at the beginning of November. I will decide what to do next when it happens.

Also buying now, scaling into commodities, most probably have further to fall but that's ok have allowed for that.

baby_boomer

Here's Monday's start!
Yahoo FTSE chart
Another 5%+ immediate fall :eek:

BBC report - Global markets continue slide on Monday

And the BBC chart which will update.

Blah99

Hey, look, it's almost like I predicted that at the top of this page :rolleyes:

The important point is the intraday chart baby_boomer posted - note how UKX opens at 3800 (despite yesterday's close at 3883) and immediately drops. The market was expecting the crash through 3800.

Now that we closed at 3852 we'll see it bubble around the 3800 - 4000 mark for the next day or 2, then retest this 3852 close. If it closes below 3800 we're on the way down again.

Note: please do not invest on my advice just because I got it right before.

Stavros_3

MiserlyMartin

Nightmare. My pension has lost about 20% overall and I have made serious errors in not getting into cash this time last year when I knew the property funds were on the way down. Also a bad move to get into gilts 2 months ago because all they have done is fall in the last 2 months, although back up a little last week.

Dipped into emerging markets last week another bad move so part switched out of that. Now am 30% Gilts, 53% cash and the rest still in emerging.

Blah99

Stavros wrote: »

Flying pigs? I hope that wasn't aimed at me as I've been right so far . Opened at 3880 today, high of 4034 and low of 3847 with close of 3926. I think that qualifies as "bubbling around the 3800-4000 mark".

Wonder what will happen tomorrow, maybe a higher open but a drop back down to the 3800's. Real potential for a close below 3800 sometime soon. Just opened a new stop order in the low 3800s.

Note: please do not invest based upon my clearly useless guesswork.

udydudy

Hey this is the christmas discount sale in the market buy for your future. buy today and you will reap multi fold returns in 1 year. UK aint going the iceland way.

things ARE going to get worse but the markets discount the future. and they have already discounted amegeddon(hope i spelt that right). The only way is UP!!!.

I say 5500 FTSE a lot before next christmas......

dunstonh

udydudy wrote: »

Hey this is the christmas discount sale in the market buy for your future. buy today and you will reap multi fold returns in 1 year. UK aint going the iceland way.

things ARE going to get worse but the markets discount the future. and they have already discounted amegeddon(hope i spelt that right). The only way is UP!!!.

I say 5500 FTSE a lot before next christmas......

Sentiment is right but the timescale is almost certainly too short.

StevieJ

dunstonh wrote: »

Sentiment is right but the timescale is almost certainly too short.

I did a quick calculation applying RPI and GDP data to the Ftse level at the the market bottom in 1990, this gave me a figure around 5300, which is broadly the level of the Ftse prior to the Lehmans collapse on Sept15. This suggested to me that the 1400 points of the market fall is directly attributable to the drying credit markets. If the credit markets eventually respond to the world govts efforts and loosen up I could see aquick bounce back to around this 5300 level.