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FTSE100 falling fast!
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I'm probably investing in an allshare tracker tomorrow, I'd rather take my chance with that than settle for a hopeless savings account/bondChuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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dunno what is going on but FTSE is now 5390... not good 3.5% down for the day, people are selling and selling big and for some reason, I personally still dont know why.
Someone knows who has told his buddy, anyway looking forward to news in the next few days / weeks to realise why this is happening!Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
bricks and mortar is what you want folks.
**** runs off quick ****US housing: it's not a bubble - Moneyweek Dec 12, 20050 -
Graham_Devon wrote: »Dunno !!!!!! is going on. But been watching GKP. Dragged down to 84p or something (30% down on the day)...loads of people got wiped out, then went straight back up to 110p.
"Gulf Keystone notes the sudden fall in its share price and confirms that it knows of no reason for this decline, beyond today's general market turmoil."
http://www.iii.co.uk/investment/detail?code=cotn:GKP.L&it=le0 -
King_Of_Bling wrote: »"Gulf Keystone notes the sudden fall in its share price and confirms that it knows of no reason for this decline, beyond today's general market turmoil."
http://www.iii.co.uk/investment/detail?code=cotn:GKP.L&it=le
Was just reading posts from some of the people who found their stop losses taking over.
They are obviously pretty annoyed, as it dropped over 30p for just half an hour, then rebounded so quickly, and the trades don't add up.
Feel for them, as they are out now and only way to get back in would be to buy at approx 30p more per share. But then thats the gamble with stop losses.
Something seriously fishy going on though. That was tantamount to theft.0 -
Jegersmart wrote: »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.
That's what attracts me. However, it does use futures and CDS's for both long and short purposes - which is my only beef about it at the current time. 'Under normal circumstance' (my favourite phrase just now...) I would have taken a holding by now. On the backburner for now.Graham_Devon wrote: »Dunno !!!!!! is going on....
Resource companies are being hit because of fears about world growth: not so much demand for oil and other commodities in a recession. Some in the FTSE100 are down 8%-9%, so more speculative smaller companies are being hit harder - especially those that have been favourites in the speculative retail investor arena. You only have to read the CAD thread in Savings to see that there are people interested but who don't know much about the companies (not everyone, but enough of them). When these see markets falling then they panic and bale out of something that they should not have been in in the first place. Volumes on some of the companies you've mentioned are about 8x their normal daily amount. It's panic.
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Well, I have decided to bung a few quid into an existing equity OEIC that I hold, and that transaction will go through tomorrow. Perhaps look to do the same over the next few weeks or so. I'm into it for the yield and for the long term. If it falls further in the meantime, then so be it. It probably will because one of my investment failings is that I do tend to buy before the bottom has been reached. I excuse this by describing it as my lumpy pound-cost averaging method.
Balanced portfolios, everyone! Balanced portfolios...!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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meh, this aint bad, last year I watched as the Dow Jones crashed 10% in 10 minutesFaith, hope, charity, these three; but the greatest of these is charity.0
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meh, this aint bad, last year I watched as the Dow Jones crashed 10% in 10 minutes
But that was just a flash in the pan!!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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Graham_Devon wrote: »You should try being in the AIM market batchy!! I only have a couple of grand in there after selling up earlier, but wish I'd sold that up too. Thought I was on to something good buying XEL at under £2. But no, crisis after crisis means, if the current sentiment contnues, I'll be 50% down by tommorow evening.
Had a large resource upgrade and more findings from HER this morning. Bang, near on 10% down.
My feeling now is just leave it there for a year, it will either look better, or I'll lose the lot. Loosing 10-15% daily.
It's pure gambling now. But people are losing thousands, while people still ramp away. The denial on the III boards is simply mesmarising (sp) from some.
Silly, silly boy Graham.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Graham_Devon wrote: »Was just reading posts from some of the people who found their stop losses taking over.
They are obviously pretty annoyed, as it dropped over 30p for just half an hour, then rebounded so quickly, and the trades don't add up.
Feel for them, as they are out now and only way to get back in would be to buy at approx 30p more per share. But then thats the gamble with stop losses.
Something seriously fishy going on though. That was tantamount to theft.
Minimum trade at Goldman Sachs is US$10 million, average trade is around $15 million. So that's around 30 million Lloyds shares in a single trade.
That's why there's volatility.
Stop losses are to bank profits. You can't have it both ways.0
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