How much longer will this bear market go on for?

Type_45

I think we may see the June lows blown through today. 

There is no good economic news out there. 

Once support levels are breached we will see the indexes tumble.

t1redmonkey

masonic said:

Are you currently shorting the FTSE100 Type_45? If not, why the interest? It's not of great significance to most investors.

I'd say he probably lost a lot of money investing in crypto, and is now hoping that the world burns and other investors lose a lot of money too so they experience what he's gone through.

[Deleted User]

Can we get this thread closed? It's just the same person bumping it up the board every now and then without offering any value. Type45, you would have more fun in the daily discussion threads on wallstreetbets with the rest of the bears.

Edit: and to anyone complaining I just bumped it up the board, it'll be for the final time.

k6chris

Type_45 said:

Could we see a '70' handle on the FTSE 100 today...  The June lows we hoped we'd left behind are knocking on the door. 

69 handle

Type_45

k6chris said:

Type_45 said:

Could we see a '70' handle on the FTSE 100 today...  The June lows we hoped we'd left behind are knocking on the door. 

69 handle

Indeed. 

FTSE 100 just breached the June low. It just touched 6997. In June it was 6998.

It's not the "June low" anymore. It's the September low. 

Type_45

Swipe said:

Type_45 said:

Swipe said:

Type_45 said:

Swipe said:

Type_45 said:

To those bidding up assets or boasting about how they are going sideways and not down...  the more cover it gives the Fed to tighten.  That is not what the economy needs nor what any of us should want.

At some point you will realise you've made the biggest financial mistake of your life

What mistake have I made?

Not buying at a 20% discount

To what extent did you buy at the 20% discount? 

If not doing so is the biggest financial mistake of my life then you must have significantly bought in at that price?

I dribbled in around £50K. Your mistake is being out of the market if it doesn't breach the lows from June

Any update on this, please?

(Readers are encouraged to click the "show previous quotes" link)

masonic

Markets appear to have delivered their verdict on KamiKwasi Economics:

A novel way to prop up the stockmarket.

Type_45

masonic said:

Markets appear to have delivered their verdict on KamiKwasi Economics:

A novel way to prop up the stockmarket.

Just a matter of time before the pound dips below the dollar.

But I imagine that's bullish for stocks?

masonic

Type_45 said:

masonic said:

Markets appear to have delivered their verdict on KamiKwasi Economics:

A novel way to prop up the stockmarket.

Just a matter of time before the pound dips below the dollar.

But I imagine that's bullish for stocks?

I find myself in agreement with you. It's not good for anyone living in the UK. Those of us invested in real assets have some protection from the tanking pound, but rising valuations in GBP don't translate to us becoming more wealthy. The UK is an insignificance in the context of global stockmarkets, and the largest UK listed stocks are pretty international, so it won't have much impact on stocks in general. It's going to make the borrowing the UK now needs to do a lot more challenging. Also trying to manage inflation. And of course minimising the impact of the recession. I suppose that's life with an emerging market currency.

Nebulous2

Type_45 said:

masonic said:

Markets appear to have delivered their verdict on KamiKwasi Economics:

A novel way to prop up the stockmarket.

Just a matter of time before the pound dips below the dollar.

But I imagine that's bullish for stocks?

I'm watching VWRP. I got some at £76 in mid- June. They are up 85p today because of the drop in the £.  £82.68 currently.