FTSE taking a bashing today

mewbie_2

alunharford wrote: »

Just dropped below 3600 in out of hours trading. Don't expect a big recovery tomorrow.

It's OK - I'm in it for the long term.
My shares are my pension.
They're not building any more shares.
People will always want shares.
Shares never go down.
If they keep dropping I'll just buy more.
They're not dropping in Aberdeen.
I can see green shoots.

StevieJ

pickles110564 wrote: »

I think you will find that they no longer sponser Man U

Where did you get that from?

AirAsia are the latest organisation to have held talks with Manchester United over becoming their next shirt sponsors.
The Premier League club are looking for a replacement for US insurance giant AIG, who have confirmed they will not be renewing their current contract, which expires next year.
Despite the current global economic downturn, United are still quietly confident of agreeing an increase on the present £19million-a-year deal. It was confirmed last month that negotiations had taken place with Indian corporation Sahara, while Saudi Telecom are also believed to be in the running.

amcluesent

Another 12-16 months of falls before the final bull capitulates, FTSE going all the way down to 1400 before there's a bottom. House prices to 2.7x average earnings. £5 for loaf. 3.5M on the dole.

Pobby

mewbie wrote: »

It's OK - I'm in it for the long term.
My shares are my pension.
They're not building any more shares.
People will always want shares.
Shares never go down.
If they keep dropping I'll just buy more.
They're not dropping in Aberdeen.
I can see green shoots.

Lol, but how true that for many my age, shares do constitute some of our pensions and for those, like me, with private pensions it is all a bit scary.

itsnever2lateisit?

pickles110564 wrote: »

I think you will find that they no longer sponser Man U

So they will be playing in skins saturday then?:rotfl:

tomstickland

SGE1 wrote: »

Worse off how? What's your criteria for measuring how well off we are and were?

Higher taxes, more laws and rules, more expenditure but no visible improvement in outlook. That's how I measure it.

smartn

amcluesent wrote: »

Another 12-16 months of falls before the final bull capitulates, FTSE going all the way down to 1400 before there's a bottom. House prices to 2.7x average earnings. £5 for loaf. 3.5M on the dole.

Right, so let me see. A house is going to cost the equivalent of about 13500 loaves of bread (so today a house would only be worth about 15K) and yet the FTSE is going to be at 1400. I'm guessing the yield on bakery shares would have to be close to several hundred percent then....

mambury

itsnever2lateisit? wrote: »

So they will be playing in skins saturday then?:rotfl:

That might make Man U worth watching then!
:rotfl: :rotfl:

sabretoothtigger

Andrew64 wrote: »

This article says that those who use the chartist method think the FTSE will drop to somewhere between 2800 and 2300:

http://thescotsman.scotsman.com/business/Scrutineer-Chartist-predictions-raise-chilling.5027277.jp

Chartist predictions raise chilling questions over just how far markets have yet to fall

Wall St hits lowest level since 1997, FTSE at six-year low



http://www.trending123.com/patterns/double_top.html

ad9898_3

amcluesent wrote: »

Another 12-16 months of falls before the final bull capitulates, FTSE going all the way down to 1400 before there's a bottom. House prices to 2.7x average earnings. £5 for loaf. 3.5M on the dole.

I think you're being a bit 'bullish' on unemployment, I reckon it's at that now, if we take out the Brown seasonal adjustment. The rest, I don't think you're far off TBH.