FTSE lower than in 1998?

BrixMorta

I notice that the FTSE is trading at 1998 levels. Does this mean that despite all the doom and gloom, investing in shares now, is on balance a sensible idea?

dunstonh

Its certainly a better time to invest than 12 months ago. Whether we have hit bottom yet is unknown.

Whilst there is doom and gloom there is also some positives and it is those positives that have prevented it falling back further than it should have. Remember the tech stocks bubble burst saw around 45% drop on the FTSE. Currently the FTSE is down 20% on high point.

It could still go down to that level. It may not.

free4440273

Today's stock market prices (both FTSE and Dow) have absolutely not priced in a recession: "The market is cheap" - I don't believe it for one second

meester

It's a lot better than buying at 6700 a few months back.

Whether now is the bottom, only a psychic can say.

purch

In April they'll go up, as everyone starts investing in their new ISAs

:rotfl: :rotfl:

Yeah....I've heard all the SWF's are sitting on their hands just waiting till the ISA season starts :cool:

Flynn_2

BrixMorta wrote: »

I notice that the FTSE is trading at 1998 levels. Does this mean that despite all the doom and gloom, investing in shares now, is on balance a sensible idea?

Setting aside other considerations, you could do worse than follow the addage "Sell in May and go away, come back on St Leger's day".

One reason it may have some truth in it of course is because stockholders tend to believe it has some truth; and it's belief that drives markets.

jon3001

Al_Mac wrote: »

SWF = Sheockwaveflash. So what does it mean in this instance?

Sovereign Wealth Fund

Entertainer

BrixMorta wrote: »

I notice that the FTSE is trading at 1998 levels. Does this mean that despite all the doom and gloom, investing in shares now, is on balance a sensible idea?

It's also currently 60% higher than it was in 2003. Doesn't sound so cheap now eh?

ginster

Hi, can anyone offer advice on whether i should top up my stocks and shares ISA (my cash ISA is at the limit £3,000) up to the total £4,000 or do something else with my £840 which i haven't invested yet. Thanks

RayWolfe

None but a fool would offer advice today. Read the papers and make up your own mind!

luvpump

Whatever some may say no one really knows ... However IMO the Dow still has some way to fall, how far who can say but fall it will i feel , This will have at the very least a Dragging effect on the FTSE , If it were my money I would hold fire without a shadow of doubt.... anyone agree ??