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Stock Markets Bombing!

1111214161721

Comments

  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    How's this likely to affect the strength of the pound against the Euro?
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    Alan_M wrote: »
    A friend of a friend is a trader and I once asked him this question.

    Technically a fall of 2% in one day is a crash because at that point all the various computer safety nets start kicking in.

    2% doesn't sound much, but in 24hrs it one hell of a lot of money.

    What's 4.1% then? :eek:
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • sm9ai
    sm9ai Posts: 485 Forumite
    Guy_Montag wrote: »
    What's 4.1% then? :eek:

    In the words of Zap Branigan, 1 beep for yes 2 beep for no

    How do you plead

    Beep Beep.


    Are, Double yes. Most be a double crash!
  • djkaizen
    djkaizen Posts: 176 Forumite
    The only jitter here is when do I jump in and start buying?

    It's like the January (or post-Thanksgiving) sales: Will the best bargains come early or late?

    Decisions, decisions.
    Ray, USA
    Quite

    **message is too short filler**
    David James aint got nothing on me
  • Alan_M_2
    Alan_M_2 Posts: 2,752 Forumite
    Guy_Montag wrote: »
    What's 4.1% then? :eek:

    Not quite time to start jumping out the window, but getting close.:confused:
  • Alan_M_2
    Alan_M_2 Posts: 2,752 Forumite
    What I don't fully comprehend is why other industries are falling in sympathy.

    Ok, I get it that banks prices are dropping, there's the direct obvious connection. But Mining and Oil stocks? Why's that, is it because they are financed by the banks that are dropping therefore they won't be leant as much money etc etc...?
  • pigeonpie
    pigeonpie Posts: 1,216 Forumite
    my only 'pension' is in a globally spread unit trust. Am I destitute then?
    I can't get today's value until tomorrow am when they update the website. I don't think I can afford the drink I need.
  • vellum
    vellum Posts: 932 Forumite
    Mortgage-free Glee!
    Alan_M wrote: »
    Not quite time to start jumping out the window, but getting close.:confused:

    people were literally doing that in late 90s early 00s... such a scary time. so many people got wiped out overnight.
  • Alan_M_2
    Alan_M_2 Posts: 2,752 Forumite
    I was thinking more the Wall Street crash in the 20's where it was well documented a few people took a dive.

    I didn't realise that happened when the dot.com boom collapsed.
  • alared
    alared Posts: 4,029 Forumite
    FTSE closed down 250 points

    Dow down about 320 at present
This discussion has been closed.
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