How much longer will this bear market go on for?

Voyager2002

Millyonare said:

Today was a good UK budget.

The Tories obviously have one eye on the next election in just 18-24 months' time.

Much of today's budget is just reversing planned 2023 tax grabs that would drive the UK deeper toward recession, like corporation tax.

Salary de-caps and 45% tax cuts help protect Britain's last and only remaining major industry, the City of London.

Low-tax investment zones will boost poor regions, like Blackpool.

Great to see enthusiasm and positive speech from Truss and Kwarteng. Talking their country up, not down.

Britain is stuck in this doom-loop culture of Marxist taxation, red hysteria, and bizarre self-hatred. Time to break that cycle of doom.

Great to see a positive budget, for the first time in decades.

Well, it was good for Putin. Good for anyone who wants to see Britain ruined.

Voyager2002

masonic said:

Markets appear to have delivered their verdict on KamiKwasi Economics:

A novel way to prop up the stockmarket.

OMG!!

Who let Jeremy Corbyn into Number 10?

Actually, a Corbyn-led government would have been far too cautious about market reaction to do anything like this.

masonic

Type_45 said:

Because, sadly, like almost all retail investors, I suspect you're all-in on this market.

I'd be surprised if many investors are currently all-in. People are more likely to err on the side of having a disproportionate amount of cash, often in low paying cash ISAs.

Prism

Type_45 said:

Because, sadly, like almost all retail investors, I suspect you're all-in on this market. 

If what you're saying is that you have cash reserves then good for you. You'll get some bargains.

Why do you say sadly? There is no issue being fully invested in the various markets. I have been for around 25 years with no issue.

masonic

Voyager2002 said:

masonic said:

Markets appear to have delivered their verdict on KamiKwasi Economics:

A novel way to prop up the stockmarket.

OMG!!

Who let Jeremy Corbyn into Number 10?

Actually, a Corbyn-led government would have been far too cautious about market reaction to do anything like this.

It's hard to believe any past actual or potential government would be sufficiently detached from reality to think it a good idea. Every time you think they can't get any worse...

nicknameless

Millyonare said:

Today was a good UK budget.

The Tories obviously have one eye on the next election in just 18-24 months' time.

Much of today's budget is just reversing planned 2023 tax grabs that would drive the UK deeper toward recession, like corporation tax.

Salary de-caps and 45% tax cuts help protect Britain's last and only remaining major industry, the City of London.

Low-tax investment zones will boost poor regions, like Blackpool.

Great to see enthusiasm and positive speech from Truss and Kwarteng. Talking their country up, not down.

Britain is stuck in this doom-loop culture of Marxist taxation, red hysteria, and bizarre self-hatred. Time to break that cycle of doom.

Great to see a positive budget, for the first time in decades.

What's the price of crack these days?

DannyCarey

I am wondering when the big short 2 is coming out....

sevenhills

Millyonare said:

Britain is stuck in this doom-loop culture of Marxist taxation, red hysteria, and bizarre self-hatred. Time to break that cycle of doom.

Great to see a positive budget, for the first time in decades.

We will be stuck with a massive debt for years, with increasing interest rates.
Sterling is down 4% since July, against all currencies, the FTSE is down, the markets do not like this budget.
After this budget, markets are expecting interest rates to go higher than they would have.

Millyonare

sevenhills said:

Millyonare said:

Britain is stuck in this doom-loop culture of Marxist taxation, red hysteria, and bizarre self-hatred. Time to break that cycle of doom.

Great to see a positive budget, for the first time in decades.

We will be stuck with a massive debt for years, with increasing interest rates.
Sterling is down 4% since July, against all currencies, the FTSE is down, the markets do not like this budget.
After this budget, markets are expecting interest rates to go higher than they would have.

UK has plenty of scope for more debt. It's not a major issue. Switzerland has 2 times more external debt per-head, for example. Japan has nearly 3 times more total debt. This is the Debt Age.

We are in a bear market. Everything is falling, regardless of whether it is good or bad. Need to look beyond short-term swings, and see the bigger picture.

Type_45

Millyonare said:

sevenhills said:

Millyonare said:

Britain is stuck in this doom-loop culture of Marxist taxation, red hysteria, and bizarre self-hatred. Time to break that cycle of doom.

Great to see a positive budget, for the first time in decades.

We will be stuck with a massive debt for years, with increasing interest rates.
Sterling is down 4% since July, against all currencies, the FTSE is down, the markets do not like this budget.
After this budget, markets are expecting interest rates to go higher than they would have.

UK has plenty of scope for more debt. It's not a major issue. Switzerland has 2 times more external debt per-head, for example. Japan has nearly 3 times more total debt. This is the Debt Age.

We are in a bear market. Everything is falling, regardless of whether it is good or bad. Need to look beyond short-term swings, and see the bigger picture.

Exactly the sort of post I'd expect to see before a major crash.