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How much longer will this bear market go on for?

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  • DannyCarey
    DannyCarey Posts: 193 Forumite
    100 Posts Second Anniversary Name Dropper
    Riveting read this. 
    "Wealth consists not in having great possessions, but in having few wants."
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Longest ever!

    Bank of England expects UK to fall into longest ever recession

    https://www.bbc.co.uk/news/business-63471725
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks. 


  • talexuser
    talexuser Posts: 3,533 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Gosh, I never guesed a few % points down were the end of the world. Are a few % points up the signal that global warming has stopped?
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    edited 3 November 2022 at 9:36PM
    talexuser said:
    Gosh, I never guesed a few % points down were the end of the world. Are a few % points up the signal that global warming has stopped?


    Meta/Facebook is down -73.5% YTD.  That is about $800 billion.


  • Swipe
    Swipe Posts: 5,629 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Type_45 said:
    No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks. 


    And still the Nasdaq 100 is only down 36% from all time highs.
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Swipe said:
    Type_45 said:
    No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks. 


    And still the Nasdaq 100 is only down 36% from all time highs.


    Only -36%!  'Tis but a flesh wound!
  • Swipe
    Swipe Posts: 5,629 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Type_45 said:
    Swipe said:
    Type_45 said:
    No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks. 


    And still the Nasdaq 100 is only down 36% from all time highs.


    Only -36%!  'Tis but a flesh wound!
    Only -44% to go before year end
  • Nebulous2
    Nebulous2 Posts: 5,673 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Type_45 said:
    Swipe said:
    Type_45 said:
    No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks. 


    And still the Nasdaq 100 is only down 36% from all time highs.


    Only -36%!  'Tis but a flesh wound!
    How much is that in UK pounds? 
  • Gary1984
    Gary1984 Posts: 370 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Tech is not the whole market. And Facebook are facing challenges specific to them. Mainly they've invested tens of billions into the Metaverse which looks to be an ever shitter idea than it originally sounded.

    Why show the Meta share price anyway as opposed to say, Shell?
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