Barclays says profits on track

[Deleted User]

http://www.reuters.com/article/gc07/idUSL2382702020080123

So it looks like our stockmarket crash was a bit silly.

Luckily I bet against it and am making money hand over fist.

:beer:

purch

So it looks like our stockmarket crash was a bit silly

I think it might be little bit more involved than just Barclays Bank Plc, but you have to agree that to have some positive news from a major Bank can't be anything but positive

Diamond said a worsening outlook for consumers in the United States would spill over to the rest of the world. "If there is a slowdown in consumption in the U.S. it is going to affect Europe and it is going to affect Asia,"

Did you miss this bit ???

[Deleted User]

No, it will affect the rest of the world if america doent import as much, but will we notice it, i doubt it. We have the developing world wanting our goods these days.

I just think all this recession stuff is overplayed, house prices may come down, meaning some house price speculators get fryed. But im just fed up of the rubbish being printed every day.

House prices coming down is not the end of the world.

[Deleted User]

http://news.bbc.co.uk/1/hi/world/asia-pacific/7205171.stm

"In terms of the real economy, the United States is not doing all that badly," he said.
"In fact, the Japanese economy is also faring pretty well. So it is only the stock markets around the world that are sliding fairly rapidly."

[Deleted User]

http://www.bloggingstocks.com/bloggers/jim-cramer

US government bailout of the monline insurers planned-
"But I believe what was even bigger than the rate cut for some of these banks was the possibility that we would not have another round of big losses, this time from a lack of insurance, because the grave dancing Wilbur Ross indicated he is choosing a bond insurer -- or bond insurers? -- to save with a big investment or takeover."

MyOpinion

I don't get it why are you trying to talk the marked up, the FTSE closed down over 2% today and is down nearly 20% from last years peak. Even if every one in this fourum bought in to the index it would hardly make a dent in the 30+ million the index went down by today. I'm guessing you haven't been making money hand over fist and I would advise others reading this not to follow suit, the markets are going to remain volatile for the rest of the year so its best to take a seat and watch from the sidelines.

ManAtHome

Looks like the sellers are either expecting GDP to fall substantially (which I don't think is that likely, a few percent maybe), or maybe flogging anything saleable to balance losses. Mind you, high volatility does drag in those lovely fees...

[Deleted User]

MyOpinion wrote: »

I don't get it why are you trying to talk the marked up, the FTSE closed down over 2% today and is down nearly 20% from last years peak. Even if every one in this fourum bought in to the index it would hardly make a dent in the 30+ million the index went down by today. I'm guessing you haven't been making money hand over fist and I would advise others reading this not to follow suit, the markets are going to remain volatile for the rest of the year so its best to take a seat and watch from the sidelines.

Im not trying to talk it up, just saying that given the information we have now about everything being bailed out I wonder why everyone (including me) was so worryied.

The American banks did silly things so they get bailed out. Gives them no incentive to behave themselfs really as they are too important to the world. They make it spin nowadays.

I think we should go back to trading sheep and cotton at least we know what we are getting :T

purch

im just fed up of the rubbish being printed every day

Ditto.....

There will be a marked economic slowdown all over the World, but hopefully not a fullblown 'recession'

There is plenty of stock in the markets that has been oversold and is probably looking 'cheap', but there is also plenty of stock out there which are still vulnerable to the slowdown, and you shouldn't be touching, even with Wombat's 'bargepole':eek:

Volatility is either good or bad...........depending on how you deal with it :cool: