Red Day on the Markets

Graham_Devon

Generali wrote: »

Get a grip guys! This was always going to happen when the Fed started raising rates.

Every economist in the media appears to be pointing at Oil and China being the issue here. Write downs are also rife. BHP for a start. Commodity companies are also suffering hugely.

The FED rate rise happened last month and hardly did anything to the markets as it was priced in.

Generali

Graham_Devon wrote: »

Every economist in the media appears to be pointing at Oil and China being the issue here. Write downs are also rife. BHP for a start. Commodity companies are also suffering hugely.

The FED rate rise happened last month and hardly did anything to the markets as it was priced in.

There aren't 91 commodities companies on the FTSE100.

Yes, BHP have had a huge write down of asset values but that's been on the cards for a over a year. It's why their share price is down about 65% over the course of the last 5 years:

https://www.google.com.au/search?q=bhp+oil&oq=bhp+oil&aqs=chrome..69i57j0l5.1594j0j7&sourceid=chrome&es_sm=93&ie=UTF-8#q=bhp+share+price

the events of the last couple of days are the icing on the cake.

I can't help but feel that this is a storm in a teacup and that markets are going to bounce back pretty quickly. Even if they don't, there is a lot more to the economy than how much people are prepared to pay for shares.

wotsthat

My net worth has crashed to levels not seen since last September and next months pension contribution will buy me a bigger proportion of the companies I invest in.

I'm struggling to get in a tizz to be honest.

mystic_trev

Thrugelmir wrote: »

9 shares up

91 shares down

In the FTSE today. Hard to avoid the bad news.

Today

99 down

Thrugelmir

Tony_Geo wrote: »

The falling oil price and the prospect of the US and Iran exporting even more of the stuff is reasonably predictable and must be one of the causes of the falling markets?

Not new news though. This has been forecast for some time.

Is Chinese GDP really around 7%. Or is it as low as 2.5 % as some believe. The figures are so unreliable that 2 US Hedge fund managers have liquidated their entire Chinese stock holdings due to the total lack of transparency surrounding the numbers and what they are detecting on the ground. .

TheeMaskedTurnip

Cash flight into Bitcoin imminent?

purch

A nice little shake-out to start off the year.

Still way too many overpriced stocks out there, and soon loads of underpriced ones too.

Crashy_Time

FTSE nearly down 4%, banking job and bonus cuts coming to London according to Bloomberg. What`s not to like?

N1AK

Thrugelmir wrote: »

9 shares up

91 shares down

In the FTSE today. Hard to avoid the bad news.

Bad news!? It's great news!

My fund investments are either in a pension, or long term investments, neither of which I intend to touch for 20+ years. So 91 shares I was going to be buying just got cheaper :beer:

N1AK

mystic_trev wrote: »

My decision to move most of my Pension into cash, February last year, seems to have wise one? The biggest problem is going to be my timing when to buy back.

Perhaps I should start a thread, something like.......My FTSE gamble pays off...

......or will it?

Perhaps you should start a thread and post in there what you're doing when you do it it's notable that every time someone posts on here about buying in or selling out it's always about having done it in the past and it was always at the right time.

Pity you didn't hold on until you May when you could have sold when the FTSE was over 7k