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All markets gone red and FTSE below 4000
BenL
Posts: 3,189 Forumite
I have just been having a look around and the markets are tumbling again today.
FTSE down 3% and below the psychological 4000 mark, bad news on a friday and then opening Monday morning will not be fun times.
http://news.bbc.co.uk/1/hi/business/7900866.stm
FTSE down 3% and below the psychological 4000 mark, bad news on a friday and then opening Monday morning will not be fun times.
http://news.bbc.co.uk/1/hi/business/7900866.stm
I beep for Robins - Beep Beep
& Choo Choo for trains!!
& Choo Choo for trains!!
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Comments
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It was down below 4000 yesterday - it went between 3980 and 3990 around lunch time closing slightly above at 40180
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Dunno why the FTSE, or any market, dipping below a round decimal figure is important. If we all counted in Base 16 or something the figure 4000, or 3000, or 5000, would have no special importance.My Debt Free Diary I owe:
July 16 £19700 Nov 16 £18002
Aug 16 £19519 Dec 16 £17708
Sep 16 £18780 Jan 17 £17082
Oct 16 £178730 -
MyLastFiver wrote: »Dunno why the FTSE, or any market, dipping below a round decimal figure is important. If we all counted in Base 16 or something the figure 4000, or 3000, or 5000, would have no special importance.
Bit harder to work out your sums unless you're from East Anglia though
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MyLastFiver wrote: »Dunno why the FTSE, or any market, dipping below a round decimal figure is important. If we all counted in Base 16 or something the figure 4000, or 3000, or 5000, would have no special importance.
Human psychology, innit?
"I've had it with my stocks ISA. If it dips below 4000, that's it, I'm selling."0 -
Human psychology, innit?
"I've had it with my stocks ISA. If it dips below 4000, that's it, I'm selling."
An irrational strategy, but I'm sure you're right.My Debt Free Diary I owe:
July 16 £19700 Nov 16 £18002
Aug 16 £19519 Dec 16 £17708
Sep 16 £18780 Jan 17 £17082
Oct 16 £178730 -
MyLastFiver wrote: »An irrational strategy, but I'm sure you're right.
Completely irrational, but number rhetoric is quite a powerful thing methinks. If not, you'd have headlines like:
"Beckham achieves historical 92nd cap for England."
and
"Man gets telegraph from the Queen on 98th birthday"0 -
4000 is important - FA0 in hex... (bit of a double-whammy).MyLastFiver wrote: »Dunno why the FTSE, or any market, dipping below a round decimal figure is important. If we all counted in Base 16 or something the figure 4000, or 3000, or 5000, would have no special importance.0 -
Human psychology, innit?
"I've had it with my stocks ISA. If it dips below 4000, that's it, I'm selling."
If I were in your position I would sell, the rise over the past few months has been a false dawn IMO... I was advised to sell my B&B shares while they still had some worth and didn't... hence didn't get anything for them .. Many of the projections I have seen for the FTSE say it has quite a bit further to fall ..0 -
If I were in your position I would sell, the rise over the past few months has been a false dawn IMO... I was advised to sell my B&B shares while they still had some worth and didn't... hence didn't get anything for them .. Many of the projections I have seen for the FTSE say it has quite a bit further to fall ..
Think he was talking about an imaginary person there...0 -
If I were in your position I would sell, the rise over the past few months has been a false dawn IMO... I was advised to sell my B&B shares while they still had some worth and didn't... hence didn't get anything for them .. Many of the projections I have seen for the FTSE say it has quite a bit further to fall ..
Err, where do I start? Erm,
never mind.:DMy Debt Free Diary I owe:
July 16 £19700 Nov 16 £18002
Aug 16 £19519 Dec 16 £17708
Sep 16 £18780 Jan 17 £17082
Oct 16 £178730
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