Covid crash #2 started

The_Green_Hornet

Sea_Shell said:

My crystal ball tells me that the FTSE will open down on Monday!!! 😉

I suggest you don't give up your day job, unless you are a financial adviser that is.

bowlhead99

The_Green_Hornet said:

Sea_Shell said:

My crystal ball tells me that the FTSE will open down on Monday!!! 😉

I suggest you don't give up your day job, unless you are a financial adviser that is.

Yes, the FTSE 250 dropped a percent and is now back to 0% while the less UK-focused FTSE100 is up.  Doesn't seem to be all doom and gloom.

With more lockdowns, different sectors will feel the loss of business or customer wealth worse than others, but the companies likely to be hit hardest from a profit or balance sheet perspective are the ones that have already had their prices marked down heavily due to market conditions for with their sector generally or their company specifically. We all know there's a pandemic on, just like we knew last week, and having the government announce a short term plan is better than them not announcing anything and the investors becoming fearful of what might happen and what support there might be.

One of my holdings is Mitchells and Butlers (for the shareholder vouchers as much as the share price returns), quick check on it a few hours into trading and it's down by less than 2% from Friday's close despite the weekend's announcement that all pubs and restaurants are closing for a month. At the moment it's about halfway between what its price had fallen to in the March crash and the recovery peak it had bounced up to in April or June.

Sea_Shell

The_Green_Hornet said:

Sea_Shell said:

My crystal ball tells me that the FTSE will open down on Monday!!! 😉

I suggest you don't give up your day job, unless you are a financial adviser that is.

🤣🤣🤣🤣

I'm also just as accurate predicting next week's lottery numbers too!!!

TBC15

Sea_Shell said:

My crystal ball tells me that the FTSE will open down on Monday!!! 😉

New balls please.

Sea_Shell

Maybe not today, maybe not tomorrow, but soon!!!

Alexland

I was reasonably pleased with the unit quantities and prices achieved on our end of month regular pension contributions. Committed an extra couple of grand into global equities at the weekend via the ISAs and hoping the fund manager will process before including the anticipated US market increases this afternoon. Yeah markets will crash eventually but having been through a few in the past couple of decades it's not something I worry about. ProDave has very different circumstances needing to draw this money soon at an accelerated rate.

Sailtheworld

Sea_Shell said:

Maybe not today, maybe not tomorrow, but soon!!!

The prediction is vague and the timeframe woolly. Pretty sure you'll be right this time.

London7766551

I say the market will crash 60% by the end of January.  There you go a prediction and that would be a real crash! Also said it a month ago or so in the house crash thread. I stand by it and will happily get egg on my face.

Prism

London7766551 said:

I say the market will crash 60% by the end of January.  There you go a prediction and that would be a real crash! Also said it a month ago or so in the house crash thread. I stand by it and will happily get egg on my face.

We can all make random statements about the future. So, have you sold all of your investments then in preparation for the big crash?

csgohan4

London7766551 said:

I say the market will crash 60% by the end of January.  There you go a prediction and that would be a real crash! Also said it a month ago or so in the house crash thread. I stand by it and will happily get egg on my face.

when one predicts it will rain, it will eventually.... 
It's like Crashy' s predictions of a housing crash for years. Even though there was a dip recently, it was due to circumstances no one could predict, covid.