FTSE100 falling fast!

smartn

FTSE will drop again today I reckon by another couple of percent by lunchtime but may even end the day up. Now is not the time to panic, think long term people. On Bloomberg they have been talking about a positive rebound of 17% by year end (don't see it myself but would be surprised if the market is this low in a couple of years time).

There are lots of things playing out here but if you look at company profits and even allow for a global slowdown there are some nice yields out there.

chucknorris

smartn wrote: »

FTSE will drop again today I reckon by another couple of percent by lunchtime but may even end the day up. Now is not the time to panic, think long term people. On Bloomberg they have been talking about a positive rebound of 17% by year end (don't see it myself but would be surprised if the market is this low in a couple of years time).

There are lots of things playing out here but if you look at company profits and even allow for a global slowdown there are some nice yields out there.

The ftse tracker that I want to buy is based on the ftse at noon, so I have to decide whether to buy this morning or wait until Monday morning. I haven't made my mind up yet what to do but I am leaning towards waiting until Monday at the moment. The good news is that my portfolio is quite light in equities so over the next few months I may get a chance to correct that as my fixed rate bonds mature.

Graham_Devon

StevieJ wrote: »

Yes but it was up the day before, not a luxury the Europeans have experienced for a while (Ftse down 6% in past two sessions), then again no telling what the Lemmings will do in the morn. I will be buying one of those Junior oils though, unless the market makers start playing games again.

Today is the reason I didn't hold your optimism!

Down another 3.3% as I type.

Generali

FTSE100 is down 190 points or a bit under 4%. My guess is that the FTSE will find a level probably somewhere around 5250 and trade around that.

There is a key bit of US economic data out, the 'non-farm payrolls' which is an estimate of the number of jobs the economy created last month. It comes out at 1.30pm UK time (8.30am NY time). If that's below 50,000 increase in jobs or the unemployment rate goes above 9.3% then expect a bigger sell off.

I miss investment banking on days like this. There'll be blood on the carpets today.

edinburgher

There are lots of things playing out here but if you look at company profits and even allow for a global slowdown there are some nice yields out there.

There certainly are and with red across the board, it's starting to look like a good buying opp for stable companies with consistent divis.

chucknorris

edinburgher wrote: »

There certainly are and with red across the board, it's starting to look like a good buying opp for stable companies with consistent divis.

That's the way I see it, I'm investing for a period of anything between 2 and 10 years so I'm in no hurry get out, I can patiently wait and bide my time. If I get a decent yield in the meantime that's all the more reason to buy in.

Generali

edinburgher wrote: »

There certainly are and with red across the board, it's starting to look like a good buying opp for stable companies with consistent divis.

Coca Cola NYSE:KO.
P/E = 12.30 (ie 12.3 years of earnings will pay for the value of the shares)
Yield = 2.86% (dividend/share price = 2.86%)

Teva Pharmaceuticals NASDAQ: TEVA (big generics company)
P/E = 11.83
Yield = 2.11%

edinburgher

Thanks Generali - although I was thinking a little closer to home

FTSE seems to be ticking back up - has recovered 0.7% or so. Let's see if this continues - I'd expected further falls, but not multiple days of multiple percent.

IronWolf

If Santander weren't such an incompetent bank taking days to do basic transfers, Id be buying more shares around now.

Graham_Devon

It certainly could be a good buying opportunity if you have the large balls required and available cash.

I'm just going to have to nurse my losses and see what happens. Certainly not putting any more in, though there appear to be plenty suggesting they are piling money in to stocks, and bringing their average down, I don't altogether believe them.

It's a bit like no mans land at the moment, awaiting the next dose of stimulus (QE3)...wondering whether this is another brief, but harsh downturn, or whether it's the start of what we all know is coming, but don't think anyone expected it quite so soon....i.e. part 2.