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

at11

Thanks for the replies,
linton put it very well,
im just wary of a huge pullback as the markets have been bullish for a long time.... can we really reach 2007 levels this year?

is there anything solid that is cheering the market?
i cant see anymore positives since when the ftse was sitting at 5500 - 5800 this time last year

Carpi09

Why do people always assume when it reaches its historic highs, that its going to plunge again?

cepheus

It's not even clear if the bond markets will plunge, they think the market has priced all this in. The Pound got hit slightly in late trading just after the announcement

talexuser

Carpi09 wrote: »

Why do people always assume when it reaches its historic highs, that its going to plunge again?

Because in a system of cycles and corrections it can't reach a historic high all the time?

Totton

Those sitting in cash waiting for a fall may have missed out on substantial gains in recent months. I don't think you can time these things well without a lot of luck.

Thrugelmir

To any informed investor. This shouldn't have come as any surprise. As was always on the cards. Just a matter of when.

Hardly a big deal.

The bigger problems are down the road. As the total debt gets harder and harder to service.

mark55man

To be honest I am more worried about the results of the Italian election. If berlusconi or grillo's 5* party get in - I predict a serious case of the drops

garybarlowsbeard

I agree with those who see it having little impact. See it staying pretty steady 5800-6300 throughout 2013.

NPowerUser

I predict about 150 point drop with it recovering down 75 to 100 points at the close.

The stock market looks over bought in my opinion and needs a correction at some point.

Council Tax Benefit cuts, less tax credits, bedroom tax, higher energy & fuel bills in the pipeline = less money in peoples pockets to spend in the economy.

Pound is dying, this will ultimately add to dearer petrol which is priced in $$$, adding to inflation.

I also think labour will win the next election, so more borrowing and more ratings cuts.

An economy that relies on the service industry, where many folks work 16 hours or less and rely on benefit top ups can only end in tears.

Nicholas-bloody-Parsons

at11 wrote: »

cant but help this UK downgrade is going to send everything downwards, below 5500 levels, possibly hitting 5000!?

More chance of hitting 6600 than 5600! LOL. :T