Is the FTSE going to tank on Monday following the downgrade news?

at11

I know it was always speculated for months/years, but now its official, do fellow investors/traders expect lots of selling off?

the FTSE has been bullish and rallying since last year and the fact its gone over and stayed way above the 6000 mark, i cant but help this UK downgrade is going to send everything downwards, below 5500 levels, possibly hitting 5000!
is a bear market likely?

but this is my novice prediction,
what do other traders/investors here think will happen on open and subsequenbt days?

TDPIX

I think it'll fall a bit to 5,800 over the coming week's... maybe as low as 5,500. The pound's devaluation isn't complete yet.

Can't see anything like 5000 levels being hit, though.

jimjames

If it does reach 5000 that will be great news and I think a lot of people will be filling their boots with cheap shares. Unfortunately I've used my ISA allowance so hopefully it won't tank until April.

Linton

No - minimal effect in my view. The market is much more volatile when there are unresolved uncertainties around. When these are resolved the market settles down. However this particular one is of political rather than practical significance.

Rob_192

Why should it? What's actaully changed? I actually really wish it would as I have a load of cash I'm waiting to invest and since all my purchases are long term buy and hold in a HYP, I could really do with some value righ now.

Sanchsoot49

Highly unlikely it will have much affect at all, in my view. Like others I have a bit of cash ready for such an event but I very much doubt that this will be the catalyst for it.

Like Linton said, more of political significance.

BLB53

It may go down - then again, it might go up....in the long run, it does not matter - investing is all about the long term not where the ftse might go on Monday morning.

alanq

The pundits on the radio seemed to think that there would be very little impact as investors had already assumed the news would come and it was just a matter of when exactly.

grizzly1911

If it does it will be blip IMO.

It isn't really news it has been on the cards a fair while. Markets will already factored it in as given.

lestergun

When the US credit rating was changed (2nd August 2011) from AAA to AA+, the S&P500 (as similar a US index to our FTSE ALL Share as I'm aware of) dropped 8.5%.

May be relevant here.

merlingrey

If i was going to guess exactly what would happen on Monday i'd say it would open lower but end up by the end of the day.