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FTSE at 3700 and no winners.

11112141617

Comments

  • Australia dropped interest rates by more then expected .75 and theres the election which seems to be having a positive influence and there is our own expected drop in rates.
    The actual arrival of good news should see the drop as traders have less to look forward, I didnt think it'd rise back this consistently either.

    Other good news is lloyds is planning to pay dividends in shares instead of cash, sooner then expected.

    Maybe mccain will win and the market will crash :o unknown unknowns..
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    The markets are raging today!
  • Realy
    Realy Posts: 1,017 Forumite
    OK so we could have over 1000 points added less than two weeks,
    Is it possible we have seen the botom for the FTSE?
  • purch
    purch Posts: 9,865 Forumite
    Is it possible we have seen the botom for the FTSE?

    Possible.........but not probable IMHO.

    I've bought heavily (for me) into this rise, but I'll be out like a shot if/when it turns.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Realy
    Realy Posts: 1,017 Forumite
    purch wrote: »
    Possible.........but not probable IMHO.

    I've bought heavily (for me) into this rise, but I'll be out like a shot if/when it turns.

    Just saying that as 3700 - 3000 is not much of a fall but 4700 - 3000 now seems massive.
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    purch wrote: »
    Possible.........but not probable IMHO.

    I've bought heavily (for me) into this rise, but I'll be out like a shot if/when it turns.

    It must be all the good news today - M&S profits down by a third and RBS about to announce it's first ever annual loss.


    I hope that the markets have turned as it'll be one less bad thing to worry about but I really can't see it either.

    (probably the Obama bounce to thank)
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • Obama isnt actually in office until the spring though. If this market does bare similarities to the 30's then the market should fall in the meantime

    When FDR took office in 33, he closed the banks for a week for auditing and reform


    As Steve was closest to predicting a bounce and I know he likes my posting of graphs, heres another :D

    29to32percentchart2no0.png


    if the market dropped back to 4100 I'd be tempted to buy back in with my full pension amount

    And if it only falls back to 4300, could you bite the bullet and reinvest. You do have the option to invest half if you wanted right?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Obama isnt actually in office until the spring though. If this market does bare similarities to the 30's then the market should fall in the meantime

    When FDR took office in 33, he closed the banks for a week for auditing and reform


    As Steve was closest to predicting a bounce and I know he likes my posting of graphs, heres another :D

    29to32percentchart2no0.png

    STT you are master at finding the cloud outside the silver lining.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • I
    I'm still sitting in my cash fund, but I'm starting to feel a bit like Miss Haversham here - waiting for a crash that'll never come. :rotfl:

    How does the wedding dress fit?
    ...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'.
  • If only I got out at 6000. I bailed at 5500 and got back in with equities at 3800 (ish), then bailed again at 4200 (ish).

    OH got out at 6500, and has yet to re-enter.
    ...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'.
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