TheCountOfNowhere Posted February 4, 2010 Share Posted February 4, 2010 Wouldnt be something to do with the fact the government has stopped printing money and giving it to their mates ? Strange that, who'd have thought it. Anyone being suckered into buying shares on the strenght of that the FTSE always goes up and doubles every ten years Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted February 4, 2010 Share Posted February 4, 2010 Wouldnt be something to do with the fact the government has stopped printing money and giving it to their mates ? Strange that, who'd have thought it. Anyone being suckered into buying shares on the strenght of that the FTSE always goes up and doubles every ten years DJStoxx 600 243.55 -5.85 -2.35 FTSE 100 5,148.93 -104.22 -1.98 DAX 30 5,559.17 -112.92 -1.99 CAC 40 3,706.02 -87.45 -2.31 Nothing to do with QE. Quote Link to comment Share on other sites More sharing options...
jimmylad Posted February 4, 2010 Share Posted February 4, 2010 be a good excuse though to re introduce it tomorrow Quote Link to comment Share on other sites More sharing options...
REP013 Posted February 4, 2010 Share Posted February 4, 2010 It seems there is starting to be a belief that certain European countries may have issues funding their deficits - thanks to Greece. Contagion at its best! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 4, 2010 Author Share Posted February 4, 2010 Dont Panic, Dont Panic, Dont Panic. As I've said before....Panic first. Quote Link to comment Share on other sites More sharing options...
moneyscam Posted February 4, 2010 Share Posted February 4, 2010 (edited) DJStoxx 600 243.55 -5.85 -2.35 FTSE 100 5,148.93 -104.22 -1.98 DAX 30 5,559.17 -112.92 -1.99 CAC 40 3,706.02 -87.45 -2.31 Nothing to do with QE. Yep, general risk aversion is the theme in markets today, just look at USD, it's one of the few asset classes other than CDS catching a bid. USD rallying = risk aversion, people haven't lost faith in the reserve currency just yet. Edited February 4, 2010 by moneyscam Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 4, 2010 Author Share Posted February 4, 2010 Where's that chap that was boasting about his RBS shares going up 8% yesterday, i'm still peaved at loosing 90% on them so I'd like to gloat for an hour Quote Link to comment Share on other sites More sharing options...
MinceBalls Posted February 4, 2010 Share Posted February 4, 2010 Wouldnt be something to do with the fact the government has stopped printing money and giving it to their mates ? Strange that, who'd have thought it. Anyone being suckered into buying shares on the strenght of that the FTSE always goes up and doubles every ten years And what was the FTSE at 10 years ago? Perhaps Noel could remind us all? This isn't much to do with QE though, we always knew it was not going to be extended (this month). It's just that everything is sh1te and maybe people are realising it (slowly). Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 4, 2010 Author Share Posted February 4, 2010 And what was the FTSE at 10 years ago? Perhaps Noel could remind us all? This isn't much to do with QE though, we always knew it was not going to be extended (this month). It's just that everything is sh1te and maybe people are realising it (slowly). Might be the straw that breaks the camels back. The big boys in the city must have been riding all the idiots out there. They've been set up for a BIG fall, then they will ride them some more...up the wrong 'un. Quote Link to comment Share on other sites More sharing options...
drrayjo Posted February 4, 2010 Share Posted February 4, 2010 DJStoxx 600 243.55 -5.85 -2.35 FTSE 100 5,148.93 -104.22 -1.98 DAX 30 5,559.17 -112.92 -1.99 CAC 40 3,706.02 -87.45 -2.31 Nothing to do with QE. More to do with US jobs picture still looking pish; Initial Jobless Claims totaled 480k, 25k above expectations and up from 472k last week. It is now the 3rd week in a row above 470k and somewhat reverses the positive trend seen in the prior 4 weeks where all were below 455k. The 4 week average is now at 469k up from 457k last week and is at an 8 week high. Also, Continuing Claims rose by 2k and Extended Claims, past the initial 26 weeks, rose by a net 242k. Thus, ahead of tomorrow’s Payroll figure, the claims data has lost a bit of its recent momentum and reflects a private sector that still remains very reluctant to add workers. http://www.ritholtz.com/blog/2010/02/initial-jobless-claims-creeping-back-up-again/ Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted February 4, 2010 Share Posted February 4, 2010 (edited) DJStoxx 600 243.55 -5.85 -2.35 FTSE 100 5,148.93 -104.22 -1.98 DAX 30 5,559.17 -112.92 -1.99 CAC 40 3,706.02 -87.45 -2.31 Nothing to do with QE. The Importance of Legatus do people realise the significance of this meeting: 2010 Annual Summit Feb. 4-6, 2010 clicky linky clicky link legatus Edited February 4, 2010 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 4, 2010 Share Posted February 4, 2010 Yes but are house prices going up? Why invest in something productive when you can safely invest in over priced housing? Quote Link to comment Share on other sites More sharing options...
garybug Posted February 4, 2010 Share Posted February 4, 2010 clicky linky clicky link legatus Much as I admire the link, my shiny is taking a pasting today regardless... Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted February 4, 2010 Share Posted February 4, 2010 Much as I admire the link, my shiny is taking a pasting today regardless... just sit tight & you won't have a problem with the shiny physical stuff. Quote Link to comment Share on other sites More sharing options...
lets get it right Posted February 4, 2010 Share Posted February 4, 2010 Yes but are house prices going up? Yes. Quote Link to comment Share on other sites More sharing options...
Misanthrope Posted February 4, 2010 Share Posted February 4, 2010 Didnt the FTSE100 Peak in 1999 at around the 6700 level? Peaked 30/12/1999 @ 6930.20 at close. Intraday High was 6950.60 Quote Link to comment Share on other sites More sharing options...
shedfish Posted February 4, 2010 Share Posted February 4, 2010 Spain and Portugal especially are booming downwards today Much as I admire the link, my shiny is taking a pasting today regardless... you'll go blind! Quote Link to comment Share on other sites More sharing options...
deflation Posted February 4, 2010 Share Posted February 4, 2010 Oil markets spooked too. I know it's volatile at the best of times, but Brent Crude has dropped 4% today. Quote Link to comment Share on other sites More sharing options...
jonewer Posted February 4, 2010 Share Posted February 4, 2010 Worries over the end of QE? Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted February 4, 2010 Share Posted February 4, 2010 They lied to me !!! Said it always goes up !!! Last time I give some c**t my money to invest. This is why it pays to be economically and financially ignorant. It's more likely you would have whacked the money into a bond and got +3 to +6%. Quote Link to comment Share on other sites More sharing options...
A.steve Posted February 4, 2010 Share Posted February 4, 2010 just sit tight & you won't have a problem with the shiny physical stuff. Quite - it will remain shiny and physical... and just as useless as it ever was. It's perceived worth, of course, could do anything - though I imagine secure storage will remain an ongoing expense. Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 4, 2010 Share Posted February 4, 2010 This is why it pays to be economically and financially ignorant. It's more likely you would have whacked the money into a bond and got +3 to +6%. this is just an extended buying opportunity - buy shares, make yourself rich... Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted February 4, 2010 Share Posted February 4, 2010 this is just an extended buying opportunity - buy shares, make yourself rich... After you, sir..... Quote Link to comment Share on other sites More sharing options...
jonewer Posted February 4, 2010 Share Posted February 4, 2010 End of QE have anything to do with it? Quote Link to comment Share on other sites More sharing options...
Rhysling Posted February 4, 2010 Share Posted February 4, 2010 “There’s a lot of noise about the U.K. or Spain being downgraded,” De Frias said. “There’s a massive loss of confidence in everything that is Europe. There is contagion,” from Spain, Greece and Portugal, he added.“The market is completely macro-driven now,” said De Frias. “The market seems to be pricing in a number of sovereign downgrades.” http://www.bloomberg.com/apps/news?pid=20601102&sid=ac5rUwzKjIJY It's all contagious and panicky Quote Link to comment Share on other sites More sharing options...
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