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FTSE100 falling fast!

1151618202128

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    vivatifosi wrote: »
    Rumours on the markets in London (just reported on Sky) that France is about to lose its AAA rating.

    S&P confirmed France rating, just this morning.
    '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
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    Naughty naughty Daily Mail. Thanks mr fishbulb. Should I know better than to quote Sky for financial stories in the future then?
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    Reported on bloomberg that the rumour is that a major french bank is selling off its gold reserves and is about to announce it's insolvent.

    French PM been in meetings all afternoon.

    Will have to see what goes on. If a major bank IS insolvent, 2008 here we come.

    Have you got a link for this story?
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.



  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 10 August 2011 at 4:15PM

    SocGen have just categorically denied any rumours, whatever that means :) Share price stronger.
    We could see a market bounce soon then, maybe. Some itchy trigger fingers out there:eek:
    '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
  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    Sarkozy has been in a meeting to discuss potential new spending cuts to be included in the forthcoming French budget on 24th August

    http://www.ft.com/cms/s/0/3dd3e4be-c350-11e0-9109-00144feabdc0.html#axzz1UdemOmiD
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.



  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    StevieJ wrote: »
    SocGen have just categorically denied any rumours, whatever that means :) Share price stronger.
    We could see a market bounce soon then, maybe. Some itchy trigger fingers out there:eek:
    Well I hope they sort it out soon. Silly Frenchies have lost me 22p per share on my Diageo purchase :D
  • purch
    purch Posts: 9,865 Forumite
    We now accept that this was not true and we unreservedly apologise to Soci!t! G!n!rale for any embarrassment caused.

    I would think embarrassment is the least of their worries :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    Well I hope they sort it out soon. Silly Frenchies have lost me 22p per share on my Diageo purchase :D

    Better drown your sorrows...
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.



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