stockmarkets -are we nearing the bottom or is there further to go ??

Procrastinater

You might wish to look at this comparison with 2008 from a commentator on the "DOW"

Some might argue that the FTSE is what we bet on and teh DOW isn't relevant - well believe me - teh FTSE follows the DOW - even though it might be a little less frenetic !

http://www.marketwatch.com/story/dow-sp-posts-most-1-swings-in-january-since-2008-meltdown-2016-01-29

Procrastinater

Sam_J12 wrote: »

......... I think Japan in particular is worth looking into.

I'd be a little circunspect on that one tbh

http://www.marketwatch.com/story/what-you-need-to-know-about-the-bank-of-japan-and-negative-interest-rates-2016-01-29

Thrugelmir

frugal90 wrote: »

Is there much further to go or are we reaching a good point to buy into the market??

Do you think that the Companies concerned are priced fairly. You are not buying the market but living breathing companies that (hopefully) will make increasing profits. Significant headwinds. Not least Deutsche bank. That could cripple Germany on a far larger scale than RBS and HBOS hit the UK. If it were to topple over. Share price down 46% in 3 months. Says it all.

masonic

Procrastinater wrote: »

I'd be a little circunspect on that one tbh

http://www.marketwatch.com/story/what-you-need-to-know-about-the-bank-of-japan-and-negative-interest-rates-2016-01-29

That article doesn't actually explain what it means for the Japanese equity market, so perhaps you could enlighten those of us who are naive about such matters as to why it should be viewed negatively and why Japanese equities haven't already fallen on the news.

Radiantsoul

As a guess I would say things will fall a bit further for a bit longer. Sort of feels like it go either way, a bit like it always does.

Scarpacci

Although I'm not usually one to try read the tea leaves on the markets, one thing that has been clear over the past few days is how many of the big fallers on the US and now UK are stocks that were doing well, not the kind of stocks which have already fallen far (miners, banks, etc). So even if you were to wish to make the argument that certain stocks - particularly the cyclicals - are cheap enough already, the market may well fall another step further as these other stocks start to be hit. I'm not just talking the wildly overvalued U.S. tech stocks - some of which have earnings, others nothing more than a wing and prayer - but fairly large names like Microsoft, Visa which were less egregiously priced to begin with.

To use the overly dramatic language you hear on financial TV, the contagion is spreading to other sectors. I see a company like Visa down big in the U.S. Without sounding like Chicken Little, the Sky was falling here today in the UK with a 4.8% drop for the satellite group. With companies whose share price had been doing well now being taken in by this fall, I would probably expect this decline on the indexes to continue.

I'm not worried by this, rather intrigued by the prospect that some companies which seemed somewhat unassailable might come in to buying territory. I think the last leg to fall on the FTSE, so to speak, would be the consumer goods giants. Unilever's held up very well, Reckitt Benckiser and Diageo also to lesser extents (I'm not sure on tobacco as I don't personally invest there).

Of course, I could be completely wrong and the market turns around tomorrow, but I'd quite like the opportunity to buy some of those names.

Thrugelmir

Scarpacci wrote: »

I'm not worried by this, rather intrigued by the prospect that some companies which seemed somewhat unassailable might come in to buying territory. I think the last leg to fall on the FTSE, so to speak, would be the consumer goods giants. Unilever's held up very well, Reckitt Benckiser and Diageo also to lesser extents (I'm not sure on tobacco as I don't personally invest there).

Unilever's profits fell by 5% in 2015. Is the price holding up due to sentiment rather than fundamentals?

A_Flock_Of_Sheep

Ohh theres loads to go yet. Loads!

coastline

It seems its all to do with earnings now as they've been flat in the USA for more than a year..
There's a chart in the link below which shows the S&P rising way above earnings in 2013 but now correcting pretty much like the period around 2007.

http://www.factset.com/websitefiles/PDFs/earningsinsight/earningsinsight_2.5.16

more of the same..

http://lipperalpha.financial.thomsonreuters.com/2016/02/sp-500-earnings-today-feb-8th-2016/

A_Flock_Of_Sheep

I said in another thread it will plunge below 5,500 - not far to go now eh.