Bank run

Steve182

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%

InvesterJones

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

drjohn67

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.

eastcorkram

plumb1_2 said:

You can grow food on your land, you can’t buy food when your bank cards don’t work.

.......and somehow try to stop people taking the food!

InvesterJones

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

And actually I missed the obvious - US stocks were down at the same time but since recovered after eurozone had closed on the news of support for Credit Suisse.

penners324

2 very small, very niche US banks going bust doesn't mean the world banking system is about to crash. 

Steve182

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

And actually I missed the obvious - US stocks were down at the same time but since recovered after eurozone had closed on the news of support for Credit Suisse.

S & P was down 2% at one point but recovered to 0.7% down. Significantly less than the Europeans even at -2%

LHW99

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.

Malthusian

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.

Here you go: