Ted Posted February 20, 2009 Share Posted February 20, 2009 3930.0 3932.0 08:30 -91.5 Quote Link to comment Share on other sites More sharing options...
jimi Posted February 20, 2009 Share Posted February 20, 2009 Low was 3665. Quote Link to comment Share on other sites More sharing options...
Patfig Posted February 20, 2009 Share Posted February 20, 2009 Low was 3665. might end up looking like a bit of a high Quote Link to comment Share on other sites More sharing options...
markinspain Posted February 20, 2009 Share Posted February 20, 2009 Any particular reason for today's lurch down? Quote Link to comment Share on other sites More sharing options...
Patfig Posted February 20, 2009 Share Posted February 20, 2009 Any particular reason for today's lurch down? probably Quote Link to comment Share on other sites More sharing options...
Ted Posted February 20, 2009 Author Share Posted February 20, 2009 Any particular reason for today's lurch down? The dow is down. That's it. Quote Link to comment Share on other sites More sharing options...
Guest vicmac64 Posted February 20, 2009 Share Posted February 20, 2009 I've told you before - before long the ftse will be below 1000. A bust ftse for a bankrupt corrupt country. Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted February 20, 2009 Share Posted February 20, 2009 Problems start to self-generate if the market keeps falling e.g. Lifa Assurer's solvency limites etc. Still can't see sub-3,500 and will start buying selected companies if we hit 3,650 I had last year's low at 3635, with the DAX trading at 4,026 on the futures, but we may have been looking at a slightly different measure Quote Link to comment Share on other sites More sharing options...
papag Posted February 20, 2009 Share Posted February 20, 2009 Black Friday? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 20, 2009 Share Posted February 20, 2009 Any particular reason for today's lurch down? Global economy totally fooked? We'll all be living in caves next year trying to discover fire? Quote Link to comment Share on other sites More sharing options...
markinspain Posted February 20, 2009 Share Posted February 20, 2009 The Dow only finished down 89 - The FTSE usually end ups opening half way between the FTSE last close and the Dow close. I thought there might some other news. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted February 20, 2009 Share Posted February 20, 2009 Maybe people are cashing out to revert to the government and boe's most favoured ponzi scheme - the property/land bubble. Quote Link to comment Share on other sites More sharing options...
papag Posted February 20, 2009 Share Posted February 20, 2009 The Dow only finished down 89 - The FTSE usually end ups opening half way between the FTSE last close and the Dow close. I thought there might some other news. Maybe its that I have just confiscated my wife's credit card, seriously a few announcements due out a t 9.30 maybe people waiting for the news that finally breaks the markets terminally, as I type car figs nearly 60% down Quote Link to comment Share on other sites More sharing options...
Wait & See Posted February 20, 2009 Share Posted February 20, 2009 Black Friday? When will this desperate fall into the black fiery pit of pain, torture and repossession ever end? Save us Gordon , save us from the reaper. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted February 20, 2009 Share Posted February 20, 2009 Maybe its that I have just confiscated my wife's credit card, seriously a few announcements due out a t 9.30 maybe people waiting for the news that finally breaks the markets terminally, as I type car figs nearly 60% down UK new car sales? Quote Link to comment Share on other sites More sharing options...
Ted Posted February 20, 2009 Author Share Posted February 20, 2009 The Dow only finished down 89 - The FTSE usually end ups opening half way between the FTSE last close and the Dow close. I thought there might some other news. Yes, your right. However the dow futures which are open overnight have also fallen heavily. So the FTSE has the losses yesterday and the projected future losses to follow. Quote Link to comment Share on other sites More sharing options...
pmaupoil Posted February 20, 2009 Share Posted February 20, 2009 (edited) I have just read a french article last night suggesting some severe volatility from the 20th of February by juxtaposing the current market fluctuations with the ones of the 30's by changing the day unit to a week... I start wondering if he is right now... Edited February 20, 2009 by pmaupoil Quote Link to comment Share on other sites More sharing options...
Umaguma Posted February 20, 2009 Share Posted February 20, 2009 (edited) bubbles burst, thats why only now are the populace appreciating what a bunch of 'nutters' on this site saw coming over 5 years ago. the FTSE is based on our whole economy, and this in turn has boomed on the back of property speculation fueled by silly lending. I have an idea, I will fill a bag with turds and a few of us can take it in turns to sell it to each other, to be in the game you must pay more than you got for it, but you cant lose because you sell it on next at a profit. nobody loses, we all get rich, all we need is to find someone daft enough to lend us the cash, What's Adam Applegarth doing now? Edited February 20, 2009 by Umaguma Quote Link to comment Share on other sites More sharing options...
contractor Posted February 20, 2009 Share Posted February 20, 2009 Any particular reason for today's lurch down? Might be Anglo American's announcement of mass layoffs. Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted February 20, 2009 Share Posted February 20, 2009 Any particular reason for today's lurch down? lightning hit the transmitter. Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted February 20, 2009 Share Posted February 20, 2009 The Dow only finished down 89 - The FTSE usually end ups opening half way between the FTSE last close and the Dow close. I thought there might some other news. I believe chartists view yesterdays closing low in the DOW as extremely bearish. That's what I read somewhere anyway - not sure if the forecaster had been casting bones/runes, reading tealeaves or plotting black swans in the moving averages but I got the idea. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted February 20, 2009 Share Posted February 20, 2009 Likel;y candidate. Banks again, credit default swap spreads blew up. Bank CDS Now CDS Yesterday Citigroup $410,000 $345,000 Bank of America $245,000 $212,000 Wells Fargo $215,000 $170,000 J.P. Morgan Chase $170,000 $133,000 http://blogs.wsj.com/marketbeat/ Quote Link to comment Share on other sites More sharing options...
DrGUID Posted February 20, 2009 Share Posted February 20, 2009 It's options expiry today I believe, so a large move up or down is likely. I'd guess the market is starting to price in a protracted recession and the fact that the trillions of bailout monies haven't made the slightest bit of difference. People like me are playing their part as well - every unit trust I've bought has lost money so I'm sure as hell not throwing away more good money after bad. Another ponzi scheme will also only encourage more millionaires to take their money out of hedge funds and buy gold. Quote Link to comment Share on other sites More sharing options...
muggle Posted February 20, 2009 Share Posted February 20, 2009 Any particular reason for today's lurch down? Employment figures in Aisa released yesterday were worse than expected. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 20, 2009 Share Posted February 20, 2009 So far the FTSE only appears to be heading one way. Quote Link to comment Share on other sites More sharing options...
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