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FTSE 100 crashed nearly 10% in the first 10 minutes this morning

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    silvertooth said:
    Stock markets crashing is a vision of the property markets soon after
    Yes, big drops on property would be a welcome sight for many, bring it on.
  • kinger101
    kinger101 Posts: 6,674 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Crashy_Time said:
    silvertooth said:
    Stock markets crashing is a vision of the property markets soon after
    Yes, big drops on property would be a welcome sight for many, bring it on.
    It would provide you with another opportunity to miss out on buying again.
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    TheCheerleader said:
    Ftse closed 7.7% down, its lost 20% since end of Jan, so officially a bear market.
    FTSE currently trading 7.5% up on the day.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    RelievedSheff said:
    TheCheerleader said:
    Ftse closed 7.7% down, its lost 20% since end of Jan, so officially a bear market.
    FTSE currently trading 7.5% up on the day.
    Tomorrow is another day for the markets. 
  • TheCheerleader
    TheCheerleader Posts: 70 Forumite
    Fifth Anniversary 10 Posts Photogenic Name Dropper
    RelievedSheff said:
    TheCheerleader said:
    Ftse closed 7.7% down, its lost 20% since end of Jan, so officially a bear market.
    FTSE currently trading 7.5% up on the day.
    There is always a rise after a steep decline, also Germany intervening.
    It’s the way of the markets, don’t buy the bounce.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TheCheerleader said:
    RelievedSheff said:
    TheCheerleader said:
    Ftse closed 7.7% down, its lost 20% since end of Jan, so officially a bear market.
    FTSE currently trading 7.5% up on the day.
    There is always a rise after a steep decline, also Germany intervening.
    It’s the way of the markets, don’t buy the bounce.
    Cineworld is currently down 27% today. 
  • TheCheerleader
    TheCheerleader Posts: 70 Forumite
    Fifth Anniversary 10 Posts Photogenic Name Dropper
    Cineworld is in trouble, has already asked its shareholders for more money. It has said it may not be able to pay its debts. The push back of release dates for a few blockbuster movies is not helping. Shame as it’s my cinema of choice!
  • Herzlos
    Herzlos Posts: 16,113 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Coronavirus could really hurt cinemas too, if people are self isolating. Some have started introducing a seat buffer as well, resulting in only half of the seats being available.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 13 March 2020 at 4:24PM
    Herzlos said:
    Coronavirus could really hurt cinemas too, if people are self isolating. Some have started introducing a seat buffer as well, resulting in only half of the seats being available.
    Cineworld is debt burdened due to zealous expansion. The tide is rapidly going out. 
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