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BREAKING US markets tanking - S&P 500 & Nasdaq down >7%

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Comments

  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    This is fun........
    Not Again
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    tomterm8 wrote: »
    Erm, yeah. I remember the great crash of '87. This is a walk in the park.

    ftsey.jpg

    I'm sure it was awful at the time and everything, but you look back at it on a chart and it looks quite insignificant. Almost like you wouldn't notice it if someone didn't point it out to you.
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    Joeskeppi wrote: »
    Looks like panic over.


    Until tomorrow morning when the ripples hit the UK & Europe..
    Not Again
  • System
    System Posts: 178,433 Community Admin
    10,000 Posts Photogenic Name Dropper
    Could have made a fortune in the last 20 minutes ;)
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    amcluesent wrote: »
    The Long Emergency starts today. In the Great Depression, the market bottom was found after 90% decline and 5 bear rallies which bankrupted millions.

    Good luck everyone

    I had to thank your post. I think you're one of the best charactures on here.
  • Sir_Humphrey
    Sir_Humphrey Posts: 1,978 Forumite
    Cleaver wrote: »
    ftsey.jpg

    I'm sure it was awful at the time and everything, but you look back at it on a chart and it looks quite insignificant. Almost like you wouldn't notice it if someone didn't point it out to you.

    You need to adjust for inflation and the chart should not be drawn with a linear y axis.
    Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith
  • Exocet
    Exocet Posts: 744 Forumite
    Joeskeppi wrote: »
    Could have made a fortune in the last 20 minutes ;)
    Not if your sole source of financial information is the 15 minute delayed feed from the BBC. Fortunately that's just the amount of time needed to untangle a medium length curly guitar cable. I hope you are impressed by how calm I am about the responsibility of investing the entire family fortune (I jest about the fortune bit) in equities recently.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    lostinrates wrote: »
    where can I see this for myself...and send a link?

    http://www.google.com/finance?q=INDEXDJX%3A.DJI

    Only down 3% now.

    Long emergency cancelled for now. I can just see Amcluesent putting the party poppers and hats back in the drawer.

    "One day my pretty friends. One day. The whole system will crumble and, on that day, I will release you. One day. One day..."

    <camera fades from scene of a 40 year old man in his bedroom of his Mum's two-bed terrace>
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sir_Humphrey wrote: »
    You need to adjust for inflation and the chart should not be drawn with a linear y axis.

    What am I, your graph monkey? You adjust it for inflation and do clever big-boy stuff with the y axis if you wish.

    ;)
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Joeskeppi wrote: »
    Could have made a fortune in the last 20 minutes ;)

    I bought a house in Aberdeen 20 minutes ago, so have made £1,236 since then. It's easy money.
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