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Black Monday - Apparently

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Graham_Devon wrote: »
    Well something just happened - FTSE100 down nearly 4% now.

    Waiting for the US markets to open. Thin trading at the moment. Be a high level of automated trading this afternoon.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucknorris wrote: »
    I couldn't resist the price, just invested £10k in the ftse 100.

    I guess its all relative if you see £10k as peanuts. Probably like having a 50 quid flutter to myself.

    But good luck to you all the same.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Apparently CNBC now stating "Black Monday to hit the US".
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Graham_Devon wrote: »
    I guess its all relative if you see £10k as peanuts. Probably like having a 50 quid flutter to myself.

    But good luck to you all the same.

    Thanks Graham, I don't see £10k as peanuts, it was just an expression, I've already got a fair bit invested. All my new trades are in an ETF (Vanguard's VUKE), so there is a £11.95 dealing fee, so it is best to buy in decent sized amounts, to keep the fee % down.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Fella
    Fella Posts: 7,921 Forumite
    1,000 Posts Combo Breaker
    £10K into an Oil ETF is looking incredibly tempting for a punt.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fella wrote: »
    £10K into an Oil ETF is looking incredibly tempting for a punt.

    Iran is coming back on stream adding to global supply.

    Saudi has recently opened two state of the art oil refineries (diesel). So now pumps and refines finished product.

    Going to be shake out sooner or later.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Fella wrote: »
    £10K into an Oil ETF is looking incredibly tempting for a punt.

    Don't try to catch a falling knife.
  • happylucky
    happylucky Posts: 117 Forumite
    100 Posts
    NYSE opening in just over half an hour...really fascinating to watch this play out. Echoes of dot com crash in terms of the panic. Wonder if that will survive more than -5% overall. Kind of doubt it but will see soon enough.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Fella wrote: »
    £10K into an Oil ETF is looking incredibly tempting for a punt.

    Wouldn't you rather invest in something for the long term at what you consider to be a good price?
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    happylucky wrote: »
    NYSE opening in just over half an hour...really fascinating to watch this play out. Echoes of dot com crash in terms of the panic. Wonder if that will survive more than -5% overall. Kind of doubt it but will see soon enough.

    Futures trade outside market hours. You can follow the US Indices here:

    http://www.bloomberg.com/markets/stocks/futures

    S&P500 is down a little under 5% from futures trading.

    This is all just small green pieces of paper really.

    https://www.youtube.com/watch?v=GHYshqcotb4 (contains middle aged man bottom)
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