Black Monday - Apparently

michaels

Graham_Devon wrote: »

Could be - but why didn't you say this yesterday? With hindsight you say it after seeing the "impact".

OK, you got me, yesterday I was running round like a headless chicken

michaels wrote: »

My stock market investment is for my pension which is at least 10 years away. I am investing a lot this year and next so am very happy to see the market as low as possible for that period so please keep on panicking

ging84

it's the global unwinding
by christmas we'll all be sleeping in the woods, clutching a shotgun and drinking our own urine to survive. While robots move into our houses and take far better care of our pets.

Graham_Devon

Another interesting(ish) day today. Seems the FTSE might have been well overdone.

DOW closed down another 205 points (1.3%) reversing gains of around 2%.

Shainghai was down another 7.6%.

FTSE futures shows tommorows opening will be painful. So much happens over such a small period of time. Last time I had a quick glance, people were proclaiming yesterday was overdone. Now it looks as if today was well and truly overdone.

Everything was officially awesome a couple of hours ago!

"The corner in markets has been turned and a strong bounce is likely," said James Barty from Bank of America.

An hour before the DOW closes....Oops

wotsthat

I'm expecting my best ever Christmas bonus this year. I hope the 'pain' continues.

Crashy_Time

Black Wednesday.

Aberdeenangarse

Crashy_Time wrote: »

Black Wednesday.

Why? Are you going to buy a house!

chewmylegoff

Graham_Devon wrote: »

Another interesting(ish) day today. Seems the FTSE might have been well overdone.

DOW closed down another 205 points (1.3%) reversing gains of around 2%.

Shainghai was down another 7.6%.

FTSE futures shows tommorows opening will be painful. So much happens over such a small period of time. Last time I had a quick glance, people were proclaiming yesterday was overdone. Now it looks as if today was well and truly overdone.

Everything was officially awesome a couple of hours ago!



An hour before the DOW closes....Oops

Surely if James Barty of Bank of America has taught you anything about current market conditions it is to not make any predictions on what will happen tomorrow morning on the basis of what the out of hours trading is telling you now. It seems best to leave the art of making stupid statements which immediately come back to haunt you to James Barty.

Graham_Devon

chewmylegoff wrote: »

Surely if James Barty of Bank of America has taught you anything about current market conditions it is to not make any predictions on what will happen tomorrow morning on the basis of what the out of hours trading is telling you now. It seems best to leave the art of making stupid statements which immediately come back to haunt you to James Barty.

Have I made a prediction then?

Nice of you to let me know.

chewmylegoff

Graham_Devon wrote: »

Have I made a prediction then?

Nice of you to let me know.

Yes.

"FTSE futures show that tomorrow's opening will be painful".

Tomorrow's opening might be painful. It might not be. You can't tell whether it will by looking at what the out of hours trading is telling you now, especially given how volatile the market currently is. That is the lesson from James Barty's stupid quote. I guess that James Barty doesn't care much as he will still get paid.

Graham_Devon

chewmylegoff wrote: »

Yes.

"FTSE futures show that tomorrow's opening will be painful".

Tomorrow's opening might be painful. It might not be. You can't tell whether it will by looking at what the out of hours trading is telling you now, especially given how volatile the market currently is. That is the lesson from James Barty's stupid quote. I guess that James Barty doesn't care much as he will still get paid.

It's what it was showing at the time of my post.

So FTSE futures are now my prediction?

Righty-o. Jog on.