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Bank run

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  • Steve182
    Steve182 Posts: 623 Forumite
    Fourth Anniversary 500 Posts Photogenic Name Dropper
    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 Hathaway
  • InvesterJones
    InvesterJones Posts: 1,217 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 15 March 2023 at 9:25PM
    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
    drjohn67 Posts: 115 Forumite
    100 Posts Second Anniversary
    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.
  • 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 Posts: 1,217 Forumite
    1,000 Posts Third Anniversary Name Dropper
    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
    penners324 Posts: 3,511 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    2 very small, very niche US banks going bust doesn't mean the world banking system is about to crash. 
  • Steve182
    Steve182 Posts: 623 Forumite
    Fourth Anniversary 500 Posts Photogenic Name Dropper
    edited 16 March 2023 at 12:13AM
    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%


    “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 Hathaway
  • LHW99
    LHW99 Posts: 5,223 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    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:


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