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FTSE100 falling fast!

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Comments

  • GDB2222
    GDB2222 Posts: 26,390 Forumite
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    IronWolf wrote: »
    If I was worried about systemic collapse the last thing I'd be buying is gold. Id be buying weapons, ammunition and food with a long shelflife.

    Bottled water, lots of it, medicines, go to the dentist, couple of pairs of specs if you need them. Torch, batteries, ..... Just google for survivalist loonies.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • GDB2222
    GDB2222 Posts: 26,390 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    worldtraveller wrote: »
    FTSE 100 breached the 5K this morning. Lowest point since July last year.

    No, it touched 4750 or so a week ago.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    GDB2222 wrote: »
    No, it touched 4750 or so a week ago.

    Futures went as low as about 4500 last week IIRC as you slept.
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
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    edited 19 August 2011 at 11:40AM
    GDB2222 wrote: »
    No, it touched 4750 or so a week ago.

    You are correct! For some reason I was looking at closing prices. It dropped to 4791 on the 9th August I believe.
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • Nikkster
    Nikkster Posts: 6,391 Forumite
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    Can I ask a (probably very stupid) question please? If the increase in Autonomy shares today was stripped out, would it have a big impact on the FTSE100? Ie would the falls be much more pronounced?
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
    Nikkster wrote: »
    Can I ask a (probably very stupid) question please? If the increase in Autonomy shares today was stripped out, would it have a big impact on the FTSE100? Ie would the falls be much more pronounced?
    Ooh, a rather smart query imho. FTSE-100 at 5000 is worth around about £1.1tn iirc. Autonomy's value has increased by a touch less than £2.5bn today (from £3.5bn to £6bn). So, the HP deal has added, very roughly, 11 points to the FTSE-100.
    "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
  • southantrim3
    southantrim3 Posts: 835 Forumite
    Part of the Furniture Home Insurance Hacker!
    Gold $1863.00 per ounce today.
  • GDB2222
    GDB2222 Posts: 26,390 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Mr_Mumble wrote: »
    Ooh, a rather smart query imho. FTSE-100 at 5000 is worth around about £1.1tn iirc. Autonomy's value has increased by a touch less than £2.5bn today (from £3.5bn to £6bn). So, the HP deal has added, very roughly, 11 points to the FTSE-100.

    To clarify, that's 11 points to the index, not 11 basis points. It's actually added 0.23% to the index, which is still down just under 2% right now (well 20 mins delayed info).
    No reliance should be placed on the above! Absolutely none, do you hear?
  • IronWolf
    IronWolf Posts: 6,445 Forumite
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    On the Autonomy deal

    "The £7.1bn offer is also equivalent to 47 times the pre-tax profits earned by Autonomy in the 12 months to June this year."

    Are they mental!?
    Faith, hope, charity, these three; but the greatest of these is charity.
  • GDB2222
    GDB2222 Posts: 26,390 Forumite
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    Generali wrote: »
    Things could get very messy from here very quickly. There is the whiff of 2008 in the air for me only this time Governments have borrowed all that they can too.

    I have increasing doubts about this ending well.

    It's completely gone wrong because governments have borrowed ostensibly to provide an economic stimulus to their own economies. However, with GATT and worldwide markets, the stimulus has just ended up in the BRICK economies, mainly China. We really urgently need some hefty tariff barriers. Otherwise, it's like filling a bath with the plug out.
    No reliance should be placed on the above! Absolutely none, do you hear?
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