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Ftse Down 2.6% Already?

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Down, down, down. FTSE 30% off 1999 peak.........what a fine investment over more than a decade. House prices on the other hand. How much does dignitas charge. I have had enough.

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Falling knife, or the moment to buy?

/me says - Both!

some of us bought falling knives in 2008, bottled and sold them only to see them rise 300-400% in the next 24 months. Even today some are massively up from 2008. Stock market can be such a bast@rd.

Not bitter though - small amounts really so was a useful lesson - don't worry about getting the absolute bottom in a crash provided you can afford to hold for years afterward if necessary.

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some of us bought falling knives in 2008, bottled and sold them only to see them rise 300-400% in the next 24 months. Even today some are massively up from 2008. Stock market can be such a bast@rd.

Not bitter though - small amounts really so was a useful lesson - don't worry about getting the absolute bottom in a crash provided you can afford to hold for years afterward if necessary.

Like the Japs you mean?

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some of us bought falling knives in 2008, bottled and sold them only to see them rise 300-400% in the next 24 months. Even today some are massively up from 2008. Stock market can be such a bast@rd.

Not bitter though - small amounts really so was a useful lesson - don't worry about getting the absolute bottom in a crash provided you can afford to hold for years afterward if necessary.

Its just a casino, that's all it is.

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yep and a great way to make a living if you have a sound methodology and sound money management

Like they did at Equitable Life and AIG or are you referring to insider trading and other corrupt practices?

Edited by Dave Spart

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Yep, like insider trading etc.

Goldman made 5,000,000 trades in the time it took to write this.

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Like the Japs you mean?

LOL

I mean getting in within 20% of the bottom not 20% down from the top!

Be fair, the Nikkei is pretty much unique in having practically no point in the last 20 years where wading in would have then yielded good capital growth. Plus I don't know what divis would have been paid on a 'disastrous' 80s/90s investment in Japanese blue chips - do you?

Do you seriously envisage a FTSE plunge to say 3000 then subsequent plunge to 1000 after a sucker rally, then staying there for 15 years?

Pessimistic even by HPC standards. Even by my standards :P

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it could easily bounce back througout the day with such volatililty of late.

I predict huge rally coming today!

volatility of late - agreed.

bounce back througout the day - unlikely.

Asia finished well down.

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Goldman made 5,000,000 trades in the time it took to write this.

High frequency trading is evil & should be illegal.

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LOL

I mean getting in within 20% of the bottom not 20% down from the top!

Be fair, the Nikkei is pretty much unique in having practically no point in the last 20 years where wading in would have then yielded good capital growth. Plus I don't know what divis would have been paid on a 'disastrous' 80s/90s investment in Japanese blue chips - do you?

Do you seriously envisage a FTSE plunge to say 3000 then subsequent plunge to 1000 after a sucker rally, then staying there for 15 years?

Pessimistic even by HPC standards. Even by my standards :P

I envisage the Ftse to plunge below 1000 ultimately yes(cant have a good ole fashioned credit cycle without breaking a few eggs) with plenty of sucker rallies along the way, the sucker rallies are required to remove every ounce of optimism out of the bulls and stop people buying at the bottom, they are a requirement for capitulation, thats why they happen. Dont expect it to happen over 15 years though, much more likely to see top to bottom over a deacade starting from 2007

Im not really that pessimistic yet, in fact im pretty sure the US and Asian markets havent even ended their bear market rallies yet

Edited by Tamara De Lempicka

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Goldman made 5,000,000 trades in the time it took to write this.

Using a highly complicated machine:

speak-and-spell.jpg

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We may be about to discover if the ECB and BOJ are coming out to play.............

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  • 150 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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