Economy crash =/= stock market crash?

Type_45

renegade1 said:

Type_45 said:

Another red day for FTSE after a promising start. FTSE 100 down 0.97%. FTSE 250 down 1.05%.

Up days and down days. But the trend is down.

gold miners 3x as bad as that... down 3%
https://www.hl.co.uk/shares/shares-search-results/v/vaneck-vectors-junior-gold-miners-ucits-etf

Asides from crypto, the worse investment decision I've made as things currently stand.  Seems I bought at exactly the wrong time.

Type_45

CGT down 1.51%.  Yikes.  So much for "preserving wealth".

masonic

Type_45 said:

CGT down 1.51%.  Yikes.  So much for "preserving wealth".

Down 3.5% over the past few weeks, excluding the ex-dividend drop. It dropped by nearly 9% during the Covid crash and 10% during the gfc. It does not seek to eliminate short periods of negative performance and needs to be judged over the medium term. If a daily 1.5% drop makes you uncomfortable, then it is certainly not a fund to hold, but then again neither is any investment discussed in this thread.

bd10

Had a quick look, CGT typically hardly moves on a daily basis. Back in 07/08 and 00/01, CGT's maximum negative daily returns were -3.4% and -5.4%, so while not nice to watch, a -1.5% down day is not so wild when compared to similar periods in the past.

masonic

Up 1% just after markets open this morning, cancelling out much of the dip that occurred just before markets closed yesterday.

However, let's not forget...

adindas said:

Also, normally Friday is not a good day for the stock marker as the traders especially with leverage tend to close their position to avoid weekend fees.

InvesterJones

Swipe said:

Type_45 said:

I think commodities may have peaked for now. 

The fund I sold (CMFP) seems to be struggling of late. 

Where will you store that money now?

Tubs of lard seem like a wise investment

k6chris

InvesterJones said:

Swipe said:

Type_45 said:

I think commodities may have peaked for now. 

The fund I sold (CMFP) seems to be struggling of late. 

Where will you store that money now?

Tubs of lard seem like a wise investment

I'm long lard.

Type_45

Strong rally today. There will be face-ripping rallies before the bust which will pull in money from the sidelines.

Type_45

masonic said:

Up 1% just after markets open this morning, cancelling out much of the dip that occurred just before markets closed yesterday.

However, let's not forget...

adindas said:

Also, normally Friday is not a good day for the stock marker as the traders especially with leverage tend to close their position to avoid weekend fees.

The Friday Phenomenon certainly doesn't hold true today! 

lozzy1965

Type_45 said:

Strong rally today. There will be face-ripping rallies before the bust which will pull in money from the sidelines.

Have you commented on the interest rate prediction thread?  You're good at telling us what has happened and asserting what will happen.