Correction in progress!

Alexland

Filo25 wrote: »

Rather than being a socialist conspiracy, maybe sometimes papers love to hype up a bit of volatility.

If it creates opportunities for investors then maybe that's ok.

DairyQueen

vacheron wrote: »

I'm not doing a thing.

The 10 or so shares I currently hold in would need to fall another 10%-15% from where they now before I would consider this an half decent opportunity to buy through any dip, and I'm leaving my regular fund and pension investments exactly as they are.

I'd suggest that anyone in for the long term should avoid the hype and certainly not listen to the mainstream media's sensationaist take on the situation.

Miles Jupp put it very well here (youtube link):

(the video should automatically start at the right location, but if not, jump forward to 5 minutes 50 seconds.

"Eating a piece of toast in my pyjamas":) Yep, that sounds about right.

BBC radio news was reporting (lead story) - sharp drop in UK markets followed by blurb on the horror of it all. The bulletin concluded with the footnote "markets have since recovered". Priceless.

MarcoM

Alexland wrote: »

If it creates opportunities for investors then maybe that's ok.

In that case then lets get Jeremy Corbyn elected as PM.


What do the financial advisers that contribute to this forum think of this?
Would it give good opportunities for share / fund buying?

Superscrooge

dunstonh wrote: »

The remit of the Guardian is to paint a pretty bleak picture [of everything that is not left wing]. That is what it's readership want. They want to know the world is awful and the UK is wrong at everything and that we should all be atoning for our ancestors and we are all doomed unless Labour is in power.

Each paper has a target market. The famous Yes Prime Minister sketch still works today. Although some of the papers have gone more extremist.

'Yes Prime Minister' sketch for those that aren't familiar.....

https://youtu.be/DGscoaUWW2M

aroominyork

Alexland wrote: »

We could really do with Boris making a stupid comment about the Brexit process to devalue sterling. Where is he, he needs to do his job!

Wouldn't you prefer a global dip plus strong Sterling to make global equities doubly cheap(er) to buy now? Then call for Boris once you've bought.

Alexland

aroominyork wrote: »

Wouldn't you prefer a global dip plus strong Sterling to make global equities doubly cheap(er) to buy now? Then call for Boris once you've bought.

Yes maybe he's giving us a bit of time to buy. I never realised the Foreign Secretary has such a key role in the running of the economy. But then neither did the Chancellor. Apparently Boris also allocates the NHS money...

kidmugsy

Heedtheadvice wrote: »

....and whatever one believes about the Guardian, I benefited from one of their share tips several years ago.....hardly a very left wing example, but yes there is a socialist tendancy in general!

I can remember the Guardian telling its readers to buy with profits policies with Equitable Life so that they could make four or five thousand pounds each when it demutualised.

kidmugsy

Alexland wrote: »

Yes maybe he's giving us a bit of time to buy. I never realised the Foreign Secretary has such a key role in the running of the economy. But then neither did the Chancellor. Apparently Boris also allocates the NHS money...

And he's in charge of Zip lines.

dunstonh

Superscrooge wrote: »

'Yes Prime Minister' sketch for those that aren't familiar.....

https://youtu.be/DGscoaUWW2M

One of the all time classics. Even Nigel Hawthorne can only just about keep himself from laughing.

fun4everyone

Superscrooge wrote: »

'Yes Prime Minister' sketch for those that aren't familiar.....

https://youtu.be/DGscoaUWW2M

Amazing