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

Thrugelmir

cepheus wrote: »

Pound sterling v Euro

As someone said the Italian election is more important!

Anti Euro stance of Berlusconi is a welcome distraction for the UK!

Few more months and its the German elections.........;)

Sceptic001

The US stock market fell sharply today after London closed, so we can expect the FTSE to tank tomorrow morning (currently trading down over 100 points according to IG Index), but nothing to do with losing AAA status. Lucky for Osborne it didn't happen while London was open today, as no doubt the idiot media would have attributed it wrongly.

grey_gym_sock

sabretoothtigger wrote: »

Did you know London has the worlds largest silver mine. I wonder where they put it, must be via the tube

jubilee line

Thrugelmir

grey_gym_sock wrote: »

jubilee line

Nah. Building Crossrail currently.

at11

so what is theb est outcome of the elections in italy?
the news just said a hung parliament is likely, surely the markets wont like that?

is the DOWs 200+point fall today a sign the news coming from Italy isnt good?

Thrugelmir

at11 wrote: »

is the DOWs 200+point fall today a sign the news coming from Italy isnt good?

Anti Eurozone sentiment isn't helping the markets nerves.

Austerity isn't going down well it appears.

at11

in that case have any of you guys considered taking your profits/losses and getting out of the markets till the air clears?

i just can help but fear the markets are going to tank down to 5000-300 levels (on the eurozone fears, not the downgrade)
and that a lot of those lovely (paper) profits i had gained over the last 6 months will be gone by the mornings open

grey_gym_sock

i think you need to learn not to panic. it makes investing much easier.

Thrugelmir

I've liquidated (reduced) holdings in UK equity funds over past few weeks. As feel as if there's better value elsewhere at the moment.

brasso

at11 wrote: »

in that case have any of you guys considered taking your profits/losses and getting out of the markets till the air clears?

i just can help but fear the markets are going to tank down to 5000-300 levels (on the eurozone fears, not the downgrade)
and that a lot of those lovely (paper) profits i had gained over the last 6 months will be gone by the mornings open

I'm hanging onto all my less volatile core investments but over the last 3 weeks or so I have sold off several stocks that were showing 20%+ gains since November/December. Means I have a bit of a cash store ready for the next market dip.

No need to panic. Yes, there is likely to be a bit of a sell-off, and then there will be a rebound. If you think you can successfully time the market, go for it. If you're not a fortune teller, you are likely to be better off by sticking where you are, or doing a bit of pruning. Best not to think of investment as a binary option -- being totally in or totally out. Look at what you have and do a bit of trimming here and there.