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TheCountOfNowhere

Ftse Nearing The Magic 5000 Mark

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The FTSE is approaching that magic 5000 mark....on the way down.

Once that psychological level is breached will there be any stopping it ?

Has someone finally worked out it only went up before the election to make us all feel good, make us feel better off and make us vote for our labour saviors ?

It's amaxing what you can do with a couple of billion quid.

P.S. The dow is closing in on 10000 too !!!

Edited by TheCountOfNowhere

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Sinking with the index's are UK pension funds unit trusts equity bonds company share schemes peoples hopes and dreams etc etc

would like to blame it all on Gordo and his team but oh bolloxks no its all down to him :lol:

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Is it too late to call a Black Thursday? :lol:

Attention Attention would the government intervention squad please report immediately to their crisis meeting point please bring with you all the newly printed cash even if its just come off the presses

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http://www.telegraph.co.uk/finance/markets/7745696/Poor-US-jobs-data-knocks-Wall-Street-reignites-global-stock-market-sell-off.html

European markets gave up early rises after the Dow Jones opened down 2.1pc following a jump in US jobless claims to 471,000. Economists were expecting them to fall to 440,000.

The poor news on the US economy added to jitters about a tightening of financial regulation, pushing London's FTSE 100 down 2pc. Germany's DAX skidded 2.3pc, France's CAC 2.8pc and Spain's Ibex 1.7pc. Earlier, Asian markets fell for a second day with the Nikkei sliding 1.5pc and Australia's ASX 1.6pc.

Seems yet more unexpected news.

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Is it too late to call a Black Thursday? :lol:

Plenty of black days to come over the next few years, no need to waste them this early in the game, the US and Asian markets probably havent even topped their bear market rallies yet.

Credit bubble = 90% asset price spanking, i dont see why this time should be any different :D

FTSE long.jpg

post-19823-12743675954051_thumb.jpg

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Did it bounce at 5,000? (I only have a laggy BBC markets page to watch.)

EDIT: I've just looked at it, and I can see - it did.

Looks like it.]

Someone's having a laugh...at our expense :lol:

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Only 40% below the 1999 peak. Will this be our very own Japan?

I remember some stock broker telling me the footsie doubles ever ten years !!!

Substitue "lying cheating w**ker of an estate agent" for "stock broker" and it's equally commical :lol:

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10 yr bond yields are falling quite sharply too. The world is obviously needing more free money, this debt stuff we have isn't working out.

Clearly not enough new debt has been created to wipe out the leverage of the existing debt.

We need more people to borrow money so the existing borrowers can pay back the money.

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FTSE back to the nominal levels of 1997 and that's with the underperformers regularly booted out.

Buy and hold probably worked for our fathers but it's different now.

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Dow down 250

could it be a good old double whammy in the morning ftse sub 5000 and the Dow sub 10000 then gentlemen the real fun may begin

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Clearly not enough new debt has been created to wipe out the leverage of the existing debt.

We need more people to borrow money so the existing borrowers can pay back the money.

:lol::lol:

Shame you weren't working for Gordon Brown.

He would of appreciated your logic.

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The Yanks have put rule 48 back into play:

http://ftalphaville.ft.com/blog/2010/05/20/238011/tin-hats-at-the-ready/

Timber!

So if the markets crashes they can step in and stop the crash before it is too big... and then blame it all on fat fingers?

What about Korea chaps & gals - the North & South are waving fists at one another again?

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who was it that said they opened a short on the ftse a couple of days. Jammy git. Playing a dangerous game with such volatility.

The ftse won't rally tomorrow as the Dow has continued falling after close.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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