Why isn't anyone panicing?

A_Flock_Of_Sheep

I might buy back into Ffyfes bananas again

Pincher

That's an interesting variation on MAD (Mutually Assured Destruction). Can't use nuclear weapons, so let's do a kamikaze dive bomb using the economy.


Can't dump US Treasury bills, too obvious, and they wouldn't let you into the IMF SDR. Once in the SDR, it is a natural tendency for countries to increase RMB reserves and reduce holding US dollars. Everybody selling US Treasury bills, which will become junk bonds. If I was China, I would need a sucker to write some Put options, so I can sell the bonds without losing too much. If only we could bankrupt Goldman Sachs (GS = Gol den Shower? They do take the plss a lot, like putting clients into sub-prime products) this way.


Sadly, they will just create an exclusive Multiplier Unlimited Gain Special Fund (MUGS Fund). Bribe some Chinese state pension fund managers, tell them the puts will just expire, and the premium will be pure profit, "What could possibly happen? Relax."


What I would do is to bankrupt America, and use the state pension to buy it all up in a fire sale. Karl Marx wins at last.

Rollinghome

atush wrote: »

I take exception to that.

I quite like a bit of aussie plonk now and again.

Well the good news for those who drink the stuff is that there's 50% off again today. And I can tell that without even looking.

[Deleted User]

what happens now is that people, still in panic mode, sell when their shares reach their buy price, hence dips down, shares always testing support/resistance

Big moves these days because of auto computer buy/sell programmes

some people/media love to wallow in spreading panic. Also people ramping and de-ramping so that certain individuals make trading profits

Pincher

Don't forget George Osborne gets 0.5% stamp duty.
That alone is a good reason not to dump and buy again.


It would be good if you could take it back and say, I don't like it, could I get a refund please.

EdGasket

Shares rising today; do you think the uplift has anything to do with Topless Pride as, of course, reported by the illustrious Daily Mail:

http://www.dailymail.co.uk/news/article-3208206/Topless-protesters-New-York-60-citiesfor-free-nipple-campaign.html

george4064

U.S. Markets yesterday opening down about 8%, but they recovered a lot in the day to even -0.5%. I knew this would trickle to the FTSE to open higher this morning.

le_loup

Rollinghome wrote: »

Well the good news for those who drink the stuff is that there's 50% off again today. And I can tell that without even looking.

I think you'll find that it's up to 50% off.

droopsnoot

TheSpaceMan wrote: »

For those of you who literally have your life savings in the markets, how are you not pulling your hair out right now?

Well, quite, but that's why anyone would recommend a balanced portfolio with some money in the markets, some in cash, some in other stuff.

jimjames

droopsnoot wrote: »

Well, quite, but that's why anyone would recommend a balanced portfolio with some money in the markets, some in cash, some in other stuff.

Exactly, balanced portfolio is the key. It's also irrational behaviour to panic sell shares. If you have a BTL house you're not checking the value of it every day or looking to sell if the price drops so why would you do that with shares?