Dow

Kez100

Generali wrote: »

You'll probably get it too!

If I am lucky!

StevieJ

Dow recovers some of yesterday losses, Apple trounces estimates after Dow close. One interesting story is that JP Morgan's Jamie Diamond buys 11 million $ of company stock, a buy signal?

Kez100

Probably not a buy signal for RBS!

I have to apologise for my comments the other day FTSE has done nothing but drop ever since! My stupid holding is now 17p/share below cost + dividends. Serves me right! I'll let you all know when I am selling and then you can buy. Do you think I think I am causing the whole world market breakdown because I am choosing to hold them?

StevieJ

Kez100 wrote: »

Probably not a buy signal for RBS!

I have to apologise for my comments the other day FTSE has done nothing but drop ever since! My stupid holding is now 17p/share below cost + dividends. Serves me right!

Cheer up Kez, it's the long game that is important.

Kez100

Don't worry. I am philisophical about it in real life.

sabretoothtigger

http://online.barrons.com/article/SB123577870957997669.html

Kez100

My feeling is that the sharp decline just reflects peoples feelings - that until this financial tsunami stops no one knows if there is any worth anywhere. Not just the DOW, but our homes, our jobs, our ££ savings, our currency or even if our Governments even have a grip on it - or are we essentially bankrupt? I don't suppose we are the only country thinking like that.

We just need the bottom to be called and it will only ever be called in retrospect after a lot of stable/growth water has gone under the bridge. We are going to need green shoots that live to survive first!

Looking at the chart, well we know the dotcom bbble was supid and beyond reason so lets take the settling level of that 8000-9000. Did the next 6 years really justify an increase of close to 100% to 14000? I don;t tink so - it was all good feeling off of easy money.

I see no reason why it should recover actually very quickly. That's a bit depressing!

StevieJ

One plus with the Dow from a UK investors perspective is the currency hedging i.e exchange rate USD/STG 2.10 -> 1.41 = 33% :beer:

Good to see this thread still bobbing along If only the world economy was as resilient

purch

it will only ever be called in retrospect after a lot of stable/growth water has gone under the bridge

Quite right.

Climbing that wall out of this trough quickly is too hard to imagine.

Kez100

It's really odd to call it isn't it?

A mate at work reckons it will improve quick once the housing market bottoms out - another 10-15%. His reasons - pent up demand for own homes,affordability for those in work and the fact Britain is never happy unless completely depressed or on a high. He does have a possibly valid point, but I just see this as a big monster which UK house sales and some prozac ain't going to fix.

I suppose if the housing market were to just start to move with any semblence of normality (not 2006/7 normality, old days normality). Whether it will with the banks so constipated, I doubt............

Had a friend today, who has exchanged following bank offer all being in order and is completing next Monday, receive a call from a solicitor and the bank have asked for further information! It's all stuff they have already had and the letter waffles on about freehold when they knew all along it was a lease. They are complete numpties. Was part of the bailout a free frontal lobotomy for all employees?