F.T.S.E. 100 on the slide?

Canny_mal

Since the start of trading yesterday to 15 minutes ago over 120 points has been knocked off the F.T.S.E. 100

Prior to this the FTSE had been performing very well and within the last week it reached it's highest level for a few years.

Can any budding market experts out there tell me whether they think this is a short-term blip or whether it's the start of a continued slide.

meanmachine_2

Oil prices are receding, the costs are beginning to be counted by oil firms.

Inflation is on the horizon.

I'm surprised that it's been climbing anyway. I suspect it's because people have shifted from property back to the stock market.

America has a huge amount of debt, so that would prevent the market from continuing to climb, I'd have thought.

But who can really say?

dunstonh

IMO, short term blip and no different what we have had in recent months at other points.

alared

Short term blip,FED Reserve in USA worried about inflation and said rates will have to keep rising.
Oil price dropping and FTSE 100 is heavily weighted with oils,banks & Vodaphone which means you don`t get a true overall picture.

Phonix

Since the start of trading yesterday to 15 minutes ago over 120 points has been knocked off the F.T.S.E. 100

It was under 5000 only around 5 months ago.

dadrock

Profit taking?

trademark

october ... traditionaly a bad month anyway ...... i have the odd flutter on aim stocks but im out of the markets as they are bad for your health ...

IvanOpinion

a 'self correction' according to someone on the radio - although I wonder if the results and news from BP may have had some bearing (they constitute a significant portion of the FTSE100)

Ivan

grumpyoldgit_2

Canny_mal wrote:

Since the start of trading yesterday to 15 minutes ago over 120 points has been knocked off the F.T.S.E. 100

Prior to this the FTSE had been performing very well and within the last week it reached it's highest level for a few years.

Can any budding market experts out there tell me whether they think this is a short-term blip or whether it's the start of a continued slide.

Have a look at the performance chart for last 12 months:

http://www.moneyextra.com/stocks/LSE/UKX

GoG

carnet

Markets have been overdue for a breather - but after two days of falls I've treated it as a buying opportunity - but only into very selective areas.

Sooner or later the structural imbalances in the US - unsustainable level of consumer debt/retail slowdown, twin deficits, property bubble, energy/resources price inflation (sound a bit like some other, more familiar, country ?) will catch up with the markets.

monkeydust_2

agree on the general comments that the recent drop is a short-term move against the long term positive trend. It was technically expected - made a few quid out of it as well ;-p.