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FTSE-100 falls to 1998 levels!
Comments
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well as of 12.30 today the index is down another 36 points !!! So much for the big rebound suggested by some on here yesterday !!! :rotfl:
Mind you i did think there would be a rebound too, perhaps the market is simply waiting for New york ..0 -
Im waiting, and the BUY, BUY, BUY !!!!
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Rebound? I doubt it.
Something will have to happen for a recovery to begin. This will not happen overnight. This current bull could be on its last legs unless the fed reacts swiftly.0 -
ivegotabig1 wrote: »well as of 12.30 today the index is down another 36 points !!! So much for the big rebound suggested by some on here yesterday !!! :rotfl:
Mind you i did think there would be a rebound too, perhaps the market is simply waiting for New york ..
The market opened up around 50 points. So there was a small rebound. Its currently up 10 points but the telling time is when the US opens as was also commented yesterday.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
The market opened up around 50 points. So there was a small rebound. Its currently up 10 points but the telling time is when the US opens as was also commented yesterday.
The Fed has cut the discount rate by 0.5%.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
ivegotabig1 wrote: »well as of 12.30 today the index is down another 36 points !!! So much for the big rebound suggested by some on here yesterday !!! :rotfl:
Mind you i did think there would be a rebound too, perhaps the market is simply waiting for New york ..
The FED must be reading the board.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
FTSE appears to be rocketing at the mo, up 3% so far and back over 6000.0
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Can anyone understand / explain why a problem with US sub prime lending results in a small fall on US and a much larger fall in UK? (e.g. 0.1% DOW versus 4.1% FOOTSE yeaterday)"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
All manner of factors, from confidence to propping up markets.
Quoting from an article in the FT, updated about 30 mins ago at:
https://www.ft.com/cms/s/20db5bda-4c94-11dc-a51d-0000779fd2ac.html
"London equities moved sharply higher in afternoon trade on Friday after the US Federal Reserve cut the discount interest rate that it lends to banks at to improve liquidity on global credit markets."0 -
Because because because, hope thats clear for you
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