why are all shares generally tanking? FTSE was 6800+ now 6500

purch

The_White_Horse wrote: »

Is there a new crisis looming????

No, but there are not many reasons to be particularly bullish.

There hasn't been a huge amount of positive news recently, but also a lot of mildly negative news.

A lot of things to be wary of, without much around to lift the sentiment.

UK manufacturing PMI hits 17-month low in September

http://uk.reuters.com/article/2014/10/01/uk-pmi-manufacturing-britain-idUKKCN0HQ3E920141001

Asia spooked by weak global data

http://uk.reuters.com/article/2014/10/02/uk-markets-global-idUKKCN0HR01B20141002

Wall Street tumbles on Ebola fears

http://uk.reuters.com/article/2014/10/01/us-markets-stocks-idUKKCN0HQ3RE20141001

Yen squeezes higher as disappointing PMIs dim mood

http://uk.reuters.com/article/2014/10/01/us-markets-forex-idUKKCN0HQ5CP20141001

officeuk

Mildly negative? I dont think ebola is mildy negative. Profits before lives is a good thing.

paddyrg

Thrugelmir wrote: »

I'm glad you're not an investment manager then. :eek:

RM stock opened at 330p, went to 600p and stuch there a while, then dwindled to 390p today. In that time, the assets, buildings, obligations, employees, contracts, rounds, etc have not actually changed that much. Twitter loses money but has a $50 share price.

Think about it - investment managers only exist because the share price and a company's 'true' value are only loosely coupled. You would not have had the dotcom bubble if the shares were worth exactly the company's underlying value.

If you think share prices accurately reflect the minute-by-minute underlying 'value' of a company, forget investment managers, just go for a tracker as there *is* no margin in that world.

chucknorris

chucknorris wrote: »

There's a few things dampening sentiment at the moment, Hong Kong unrest, Isis bombing and the Ukraine. I see it as a buying opportunity.

That was probably correct yesterday, but today is entirely down to me, this morning I invested £45k in Vanguard's ftse 100 etf. Be careful everyone because I'll probably be dragging it down further next week when my Halifax cash ISA is switched to a SS ISA (that's if the Halifax eventually manage to get off their backsides and send the money over to Fidelity that is).

Thrugelmir

paddyrg wrote: »

You would not have had the dotcom bubble if the shares were worth exactly the company's underlying value.

Private investors were those that drove the DotCom boom. Driven by greed not fundamentals.

TedButlerstheman

The_White_Horse wrote: »

I understand some ie Tesco, Sainsburys - but it has fallen pretty much every day for over a week now.

Is there a new crisis looming????

Everything is tanking, commodities and even crypto like bitcoin. It will be property next, cash is the only king, but even this is risky.

But when you look at the stock market last few years it has still got a long way to fall.

chucknorris

TedButlerstheman wrote: »

Everything is tanking, commodities and even crypto like bitcoin. It will be property next, cash is the only king, but even this is risky.

But when you look at the stock market last few years it has still got a long way to fall.

The stock market is lower than it was in 1999! It is also lowish on the P/E ratio.


The ftse 100 went up 1.26% today! The DJ and S&P are currently up a similar % too.


Cash isn't only not 'king'! it guarantees a loss, with net rates paying below inflation! I only want to hold the absolute minimum in cash. Cash only represents 2% of my portfolio.

C_Mababejive

Dont panic. It is only the masters of the universe manufacturing drops from which they will profit in the run up to their Christmas binges.

Thrugelmir

chucknorris wrote: »

The stock market is lower than it was in 1999!

BT share price was £10.60p in December 1999 now £3.80p !

This doesn't make the share a buy currently.

chucknorris

Thrugelmir wrote: »

BT share price was £10.60p in December 1999 now £3.80p !

This doesn't make the share a buy currently.

Did I say it was? That's right, I didn't, I was simply (as you know) responding to this post:

TedButlerstheman wrote: »

Everything is tanking, commodities and even crypto like bitcoin. It will be property next, cash is the only king, but even this is risky.

But when you look at the stock market last few years it has still got a long way to fall.

If you want to buy into that hysteria, more fool you, good luck putting all your portfolio into cash, I think you'll need all the luck you can get.