Economy crash =/= stock market crash?

GazzaBloom

k6chris said:

We need a good capitulation day, across a broad range of stuff.  I wonder if today will be that day? 

It's coming. Uniper down 14% today as it's supplies of gas from Gazprom dry up. It's going to get real sticky in Europe and UK this winter. The US has it's issues but I am of the opinion that they come our of any recession ahead of Europe.

European markets open to close as recession concerns persist (cnbc.com)

Type_45

Australian bank collapses with thousands of customers told to withdraw funds IMMEDIATELY before it closes all accounts on Tuesday 

https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

Zola.

Type_45 said:

Australian bank collapses with thousands of customers told to withdraw funds IMMEDIATELY before it closes all accounts on Tuesday 

https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

Shocking.

Sea_Shell

Type_45 said:

Australian bank collapses with thousands of customers told to withdraw funds IMMEDIATELY before it closes all accounts on Tuesday 

https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

Sounds like an orderly withdrawal from the market for a small "challenger" bank.

Type_45

FTSE down 2%. It's had a fairly green week otherwise, I think.

renegade1

Type_45 said:

FTSE down 2%. It's had a fairly green week otherwise, I think.

now -2.66% 😱😱😱

[Deleted User]

Type_45 said:

Australian bank collapses with thousands of customers told to withdraw funds IMMEDIATELY before it closes all accounts on Tuesday 

https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

Not really a collapse, the bank appears to be able to give all the money back without triggering a compensation scheme (which is up to $250k in Australia!)

[Deleted User]

renegade1 said:

Type_45 said:

FTSE down 2%. It's had a fairly green week otherwise, I think.

now -2.66% 😱😱😱

Call me when it goes past 20% then it will get interesting. 

Type_45

S&P 500 on course to post worst first half since 1970

https://uk.finance.yahoo.com/news/ftse-slumps-after-fourth-straight-quarter-of-lower-uk-household-incomes-080508580.html

billy2shots

Feeling pretty lucky YTD. 

I'm down 7% across SiPP and ISAs (mine and wife's). 

I also stopped contributing into my SiPP in January due to restructuring my Ltd company. I did add £20k cash into it before the tax year ended in April and it's sat uninvested. I have another £30k waiting to be paid in and another £60k should be doable before December (carry forward) 

So fully understanding the risk and past evidence of market timing, I need to decide when to buy back in with over £100,000 this calendar year.