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Bank run
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Frustrating that today's stockmarket fall has affected UK shares disproportionally VS the US, again.
S & P down 0.7%
Nasdaq up 0.05%
FTSE all share down 3.62%“Like a bunch of cod fishermen after all the cod’s been overfished, they don’t catch a lot of cod, but they keep on fishing in the same waters. That’s what’s happened to all these value investors. Maybe they should move to where the fish are.” Charlie Munger, vice chairman, Berkshire Hathaway0 -
Steve182 said:Frustrating that today's stockmarket fall has affected UK shares disproportionally VS the US, again.
S & P down 0.7%
Nasdaq up 0.05%
FTSE all share down 3.62%
I wouldn't single the UK out. Austria ATX is down -6.3%, Italy MIB is down -4.6%, Spain IBEX -4.37%, Sweden OMX -4.10%, French CAC -3.58% etc
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Bad news e.g. natural disaster / rates changing / poor company profits reported, etc seem to trigger same pattern.
Some funds seem to sell early and shares dip. Some funds seem to have a longer term view and hang on.Others seem to sell at the post panic trough just as the quicker / luckier / smarter funds buy back in.
I don’t have anywhere near a large enough reserve to create a spread of investments to even attempt to profit from the pattern. Also occasionally there are bigger unpredicted shifts that punish even investors with huge funds / spreads.I recently placed my surplus in a series of fixed rates with FSCS protection as peri-retirement 4.4% (for a few years) suited my risk tolerance.0 -
plumb1_2 said:You can grow food on your land, you can’t buy food when your bank cards don’t work.0
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InvesterJones said:Steve182 said:Frustrating that today's stockmarket fall has affected UK shares disproportionally VS the US, again.
S & P down 0.7%
Nasdaq up 0.05%
FTSE all share down 3.62%
I wouldn't single the UK out. Austria ATX is down -6.3%, Italy MIB is down -4.6%, Spain IBEX -4.37%, Sweden OMX -4.10%, French CAC -3.58% etc0 -
2 very small, very niche US banks going bust doesn't mean the world banking system is about to crash.0
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InvesterJones said:InvesterJones said:Steve182 said:Frustrating that today's stockmarket fall has affected UK shares disproportionally VS the US, again.
S & P down 0.7%
Nasdaq up 0.05%
FTSE all share down 3.62%
I wouldn't single the UK out. Austria ATX is down -6.3%, Italy MIB is down -4.6%, Spain IBEX -4.37%, Sweden OMX -4.10%, French CAC -3.58% etc
“Like a bunch of cod fishermen after all the cod’s been overfished, they don’t catch a lot of cod, but they keep on fishing in the same waters. That’s what’s happened to all these value investors. Maybe they should move to where the fish are.” Charlie Munger, vice chairman, Berkshire Hathaway1 -
I think if that graph was plotted with the y-axis starting from zero, or even 3000, it wouldn't appear that anything much had happened.
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LHW99 said:I think if that graph was plotted with the y-axis starting from zero, or even 3000, it wouldn't appear that anything much had happened.
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