FTSE-100 falls to 1998 levels!

agal

I am looking at a graph of the FTSE-100 since 1984 and the current level (5944) was first seen around 1998! I only wish I had more ready money available to invest in the market.

dunstonh

FTSE100 isn't exactly a good benchmark though. One of the worst indexes in the western world.

Moorepart

Good companies are being dragged down with the !!!!!!. Companies that have absolutely nothing to do with the credit bubble, leverage, PE buyouts, etc etc are being hammered. There is going to be a big round of layoffs, scaling-back of investment and a spread of ultra-cautiousness as a result - as even well-planned well capitalised companies who have done nothing wrong are taken to the cleaners.

The money men and central bankers have so polluted the system that they are infecting everything in their path. They are not the creators of wealth, they are the destroyers of wealth, they create nothing, they improve nothing, they they dilute everything, they tar everything with the same brush.:mad:

ivegotabig1

As i recall the index peaked at just over 6700 in july...a nearly 800 point drop since then is quite a bashing !!! If there is any good to come out of this it should shake some sence into the irresponsible lending/ Borrowing by the likes of Northern Rock/ People prepeared to pay through the nose for a sxxt hole.
Else we will end up with our own "Sub prime" problem, if we dont already that is (i.e Repo orders up 30%)
Take stock people, the money for nothing gravy train is coming to an end !!

nrsql

Moorepart wrote: »

Good companies are being dragged down with the !!!!!!. Companies that have absolutely nothing to do with the credit bubble, leverage, PE buyouts, etc etc are being hammered.

You think share price should follow value? Nice idea but that's not the way the world works I'm afraid.
Boom and bust is the way of the market. The art is either to time the purchaeses and sales or to choose shares that rise more and fall less than others - or preferably both.

And it's the money men that created this market which allows companies to grow faster than their revenue warrants.

StevieJ

dunstonh wrote: »

FTSE100 isn't exactly a good benchmark though. One of the worst indexes in the western world.

Should be plenty of value then, especially in some of the bigger companies if the M and A activity dries up.

dunstonh

Personally, I think we could be seeing the early end of the "extra" mid cap growth period we have had and a move to large cap is on the cards.

Jonbvn

Trying to read the market? A fools game, second only to currency speculation.

Ximian

So, is this a good time to invest in shares? I guess so. Share prices are falling all over, I keep my eye on some technology companies and they are dropping big time, some have dropped their share price by as much as 17% overnight. I guess the gamble is if those companies can recover.

amcluesent

>I only wish I had more ready money available to invest in the market<

Who wants to catch a falling knife? The market hasn't even begun to account for the passing of peak-oil!

StevieJ

Jonbvn wrote: »

Trying to read the market? A fools game, second only to currency speculation.

If I was not now fully invested I would love to time the market tomorrow, I can smell a whopping increse in the Ftse.