Correction in progress!

Glen_Clark

Cotta wrote: »

No sooner do I say that Bitcoins were stabilising only to find out they've dropped a further £200, I honestly don't get it.

There is no underlying value in Bitcoin so the price depends on sentiment - which is impossible to predict.
At least with diversified equities you have underlying value to stop the price falling to zero.

Glen_Clark

BrockStoker wrote: »

I'd agree with most of that. The sell off has been pretty indiscriminate so far. Good companies with strong Q4 results getting thrashed.

Yes but their share prices have been inflated by QE. Perversely the stronger global economy is the reason for falling share prices. QE has distorted asset prices to the point where the tail is wagging the dog. Like the 'Taper Tantrums' of previous years, Investors fear QE will be withdrawn. Previous times it didn't happen, so equity prices rebounded This time it might happen, so equity prices don't rebound. Who knows what Central Banks will do?

Zola.

This is the first time as a young investor that I have seen my investments getting close to the barely breaking even figures. Only a month ago I was sitting at 8% up in my VLS, now down to 1%.

Not panicking, another £300 plonked this month as normal into it. Getting shares on sale, which is nice, hopefully it picks up again soon...

jamei305

I don't know about bitcoin but gold certainly hasn't responded to the stock markets over the last week

hutman

this is a great time for those who want to 'time the market' to come out of their closets.

System

hutman wrote: »

this is a great time for those who want to 'time the market' to come out of their closets.

Maybe give it a while longer?

A_T

hutman wrote: »

this is a great time for those who want to 'time the market' to come out of their closets.

now is as good a time as any

Temrael

I'm not sure everyone should get too excited, this only just qualifies as a correction (a 10% fall from recent highs).

As of right now this represents no more of a buying opportunity than September/October last year did (that's about the levels we are back to). If you weren't liquidating other assets and piling in to equities 4 or 5 months ago, why would you now? :think:

Wake me up when we are 40% down.

economic

Temrael wrote: »

I'm not sure everyone should get too excited, this only just qualifies as a correction (a 10% fall from recent highs).

As of right now this represents no more of a buying opportunity than September/October last year did (that's about the levels we are back to). If you weren't liquidating other assets and piling in to equities 4 or 5 months ago, why would you now? :think:

Wake me up when we are 40% down.

This is exactly what i have been saying. Its just shocking to see how quick it has been thats all. Apart from that all it is is markets going back to levels seen in october.

BananaRepublic

mollycat wrote: »

Down Jones on 9th November 23,461.
Dow Jones on 9th Feb 23,860.

Ftse 100 on 1st December 7300.
Ftse 100 0n 09th Feb 7142.

Of course this could be the start of any correction; as could have happened a month ago, or will happen at a point in the future.

Let's not let the facts get in the way of any internet based hysteria now, eh!

Some people here do not understand what a correction is:

https://www.investopedia.com/terms/c/correction.asp