FTSE100 falling fast!

HAMISH_MCTAVISH

Thrugelmir wrote: »

Bishops Finger
.

Good choice. :beer:

HAMISH_MCTAVISH

Ark_Welder wrote: »

Achtung! Spitfire!

Another good choice.:beer:

And on sale at Lidl this week.:D

neverdespairgirl

Thrugelmir wrote: »

As long as its British.

Such as Bishops Finger, Kent hops. Recycled UK glass. Brewed in Kent as well.

Doing my bit for the UK economy.

Brewed not far from my parents' place - my Dad's a fan, too.

edinburgher

Another good choice.

And on sale at Lidl this week.

How much? Fond memories of drinking more Spitfire than was strictly advisable during a summer holiday to Broadstairs

HAMISH_MCTAVISH

edinburgher wrote: »

How much?

Don't remember exactly, (£1.19 or so, I think) but it was cheap enough to inspire me to get a dozen rather than the usual four.

They also had an assorted 8 pack of Belgian beers, which were surprisingly good, and also very cheap. I'll be stocking up on those if they've any left on the next visit.

I quite like Lidl for a few things, (beyond the obvious canned tomatoes, passata and dried pasta, which are all absurdly cheap there). Beer is one of them, and those European sandwich meats are often very tasty and good value compared to Tesco. We bought a quarter of an air dried ham for not a lot of money, and it's gone into all sorts of dishes last week, from pasta, to wrapping a turkey, and even just sandwiches.

But the best part of shopping at Lidl is their selection of cosmetics is crap, so Mrs McT can't spike the trolly with £100's worth while I'm off in search of meat or beer.

edinburgher

Don't remember exactly, (£1.19 or so, I think) but it was cheap enough to inspire me to get a dozen rather than the usual four.

Good stuff - I can pick up four for what Morrisons will charge me for three and still have 24p change

I quite like Lidl for a few things

I'm a big Lidl fan as well - most of their European meats/cheeses/proteins are comparable price (and far better quality) than is typically sold in UK supermarkets. A standard packet of German ham or similar normally has 'pork and salt' listed on the packet, as opposed to a list of chemical nasties...

onlyroz

What I don't get is why *all* of the indices seem to rise and fall together. I've got around £3k invested in a stocks-and-shares ISA, spread between the FTSE All-share, a US tracker, then europe, emerging and pacific trackers - and they've *all* fallen this week. In the last two days it's gone down by £100. I'm in this for the long-term - this investment is intended to be a retirement investment (currently investing £250 a month) but I'm curious about how a debt-crisis in Europe and the US can have such an impact around the rest of the world.

Jegersmart

onlyroz wrote: »

What I don't get is why *all* of the indices seem to rise and fall together. I've got around £3k invested in a stocks-and-shares ISA, spread between the FTSE All-share, a US tracker, then europe, emerging and pacific trackers - and they've *all* fallen this week. In the last two days it's gone down by £100. I'm in this for the long-term - this investment is intended to be a retirement investment (currently investing £250 a month) but I'm curious about how a debt-crisis in Europe and the US can have such an impact around the rest of the world.

Well it is a global economy, and sectors have always had the habit of reacting at least initially in a similar fashion but there as time goes on rational thinking takes over from knee-jerk reaction. Any reason why you chose trackers instead of managed funds?

wotsthat

What surprises me is how 'forward looking' markets fail to forsee the obvious..

- Greece will NEVER repay it's debts. Neither will Portugal. Payday loans wouldn't touch the PIGS yet wheelbarrowloads of good money are following bad.
- A debt ceiling agreement was always going to be reached in the US. It was always going to be a cobbled together affair that didn't address either the problems of growth or Debt. The US 'will' pay it's debts but only after currency devaluation and inflation.
- China will NEVER be repaid the money it's owed.
- China's a crash waiting to happen.

Jegersmart

Ark_Welder wrote: »

Not sure about 'more', but a rising share price in anticipation of good news is quite common. When the results are announced the shares are sold to lock in the profit. They might continue to rise only if something unexpectedly good is announced. The same can happen the other way round too - shares being sold or shorted on expectation of bad news then being bought to cover the position.




Been thinking about this one myself. Not for a brown situation (note: that does NOT start with a capital letter!! ), but to use it in my SIPP as a way of gradually moving equities into bonds - but I am wary of bonds at the moment! ...and I'm above my overall allocation level in that area too (due to a recent asset reorganisation). The reason that I haven't done so as yet is the counterparty risks. Probably need to wait until the mood takes me..!




In some respects, this is good news: if sentiment is negative then perhaps there is a capitulation point on its way, so all the sellers will have sold and we can start looking to the longer term again.

That fund has the ability to long OR short credit giving better flexibility. Don't get me wrong, I would not use it to make a killing but to avoid volatility.

As an update to FTSE level post, it seems we have printed a new low today (5470 odd at time of writing) which does point to us testing lower levels unless this is the bottom. I would expect either way that there will be short covering soon as well as the NFP figures from the US tomorrow - depending on what that comes out with we could see either a base forming or further weakness. I will probably leave my fund allocation as it is for now for the rest of the week at least until we see what NFP brings.

Good luck all!