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Stock Markets Bombing!
Comments
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Turnbull2000 wrote: »Disagree.
The economy as a whole is more indebted than previous "crashes".
Indebted would be one thing from a whole range of things that make up an economy.
As a whole the economy is stronger
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ITV reports £56Billion wiped off share prices.
That's £1,000 per man, woman and child in Britain. Ouch?
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Gorgeous_George wrote: »ITV reports £56Billion wiped off share prices.
That's £1,000 per man, woman and child in Britain. Ouch?
GG
Oh no thats nothing everything will be fine overnight, nothing to see here move along :rolleyes::beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Indebted would be one thing from a whole range of things that make up an economy.
As a whole the economy is stronger
Erm, except that money drives the economy. And a lot of this money has been borrowed cheaply. We've had economic "growth" and "stability" through borrowing and debt. It's a false economy.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
surely if the banks are getting concerned about the world economy, then they are going to be more wary WHO they lend money to ad more improtantly HOW MUCH they are prepared to lend.
If the multiples start to decline then surely people won't have the ability to pay the current prices, therefore stalling the housing market.... although how much (if at all it falls is anyone's guess
Just my opinion. feel free to rip it to shreds....:o"A goldfish left Lincoln logs in me sock drawer!"
"That's the story of JESUS."0 -
...incredible pullback in the Dow today (-86).BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
Gorgeous_George wrote: »ITV reports £56Billion wiped off share prices.
That's £1,000 per man, woman and child in Britain. Ouch?
GG
Oops - thanked by mistake (I do that a lot).
There are some good bargains appearing. Lloyds TSB yielding 5% - I shouldn't think they pay that on their savings accounts!
Certainly a higher yield than you get on the average BTL. And you don't have to fix LloydsTSB's boiler or roof! It'll take less than 3 months to sell it when the time comes and you don't have to talk to estate agents.0 -
Yes, and "it could rise by up to 30%"*(1)* if/when the Chinese decide to start bidding.
*(1)*I'm offering an idea to C4 - "Bank developing at the bottom of your garden in the jungle" so the 30% could*(2)* be an under-estimate
*(2)*The value of estimates may not reflect the change in historical values of estimates - please seek the appropriate advice before proceeding*(3)*
*(3)* or save your money and just go for it, you can't lose*(4)*
*(4)*This should not be construed as financial advice*(5)*
*(5)*Wanna buy some "can't fail mega-bucks CDOs"*(1)*0 -
The trouble with statistics is it depends where you view them from. If I offered you an investment which made over 8% per year you'd think that was pretty good. Well if you look at the stock markets over the last year they grew better than that even including the recent falls.
That's not saying the falls are over, I've no idea, but they could go up as easily as they go down. P/E ratios of UK FTSE100 stocks were healthy before the falls - they look even better value now.0 -
The trouble with statistics is it depends where you view them from. If I offered you an investment which made over 8% per year you'd think that was pretty good. Well if you look at the stock markets over the last year they grew better than that even including the recent falls.
Beg to differ. As of close of play today the FTSE is up from about 5850 to about 6050 over the last 12 months. That's more like 3.4%Hurrah, now I have more thankings than postings, cheers everyone!0
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