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Ftse Starting Off Well...down 1.39%


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The 'Death Cross' (scary! :ph34r: )

DEATH cross

Probably not a coincidence that as Sterling gains a bit of strength, the markets fall. The assets have a relatively fixed intrinsic value doesn't change so as the paper gets worth more, the price in paper falls.

How about a HPCers flag consisting of a Black Swan against a black version of the St Andrew's cross?

The HPC anthem can be: Queens' Another one bites the dust"

Patron saint: St. Vincente de Cable

Latin monika (ITITRW) from Merv: House prices are a matter of opinion whereas debt is real (Latin translation please).

We could identify fellow HPCers in the street by wearing red blazers with the flag in the form of a pocket badge. But then again, maybe not.................................

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Guest Steve Cook

FTSE graph showing a more or less flatline as they wait to see how big a sell-off occurs in NY. Monkey see, monkey do......

My thoughts exactly. A holding of breath to see what the Dow does. 2pm onwards might be interesting.

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How about a HPCers flag consisting of a Black Swan against a black version of the St Andrew's cross?

The HPC anthem can be: Queens' Another one bites the dust"

Patron saint: St. Vincente de Cable

Latin monika (ITITRW) from Merv: House prices are a matter of opinion whereas debt is real (Latin translation please).

We could identify fellow HPCers in the street by wearing red blazers with the flag in the form of a pocket badge. But then again, maybe not.................................

I think you need to get out more. Yesterday it was Nazis, now this. Go for a walk. Hug a tree.

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I must admit watching RB watch the FTSE is beginning to seem like following the test match: FTSE 76/3 at lunch with fast bowlers warming up for the afternoon session? :D

IMO the key markets are suffering with constipation. They feel the urgency to unload but all you get is a combination of Prairie Dogging,* Monkey tails or Rabbit pellets.

What kind of dosage is it going to take to get the turds moving toward the fan again?

Metaphorically speaking, of course.

_____________________

* AKA "peek-a-boo" market that drops a little and then recovers back to where it was. Repeating the same pattern over and over again with each little appearance appearing to be, but not actually, the BIG ONE.

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IMO the key markets are suffering with constipation. They feel the urgency to unload but all you get is a combination of Prairie Dogging,* Monkey tails or Rabbit pellets.

What kind of dosage is it going to take to get the turds moving toward the fan again?

Metaphorically speaking, of course.

three pints of guiness usually does it for me

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http://finance.yahoo.com/news/Stock-futures-tumble-on-apf-3481581188.html?x=0&sec=topStories&pos=main&asset=&ccode=

Stock futures sharply lower, interest rates tumble on concerns about economic slowdown
Topics:InternationalIPOs
Stephen Bernard, AP Business Writer, On Tuesday June 29, 2010, 7:56 am
NEW YORK (AP) -- Stock futures and interest rates tumbled Tuesday after
fresh signs of a global economic slowdown
spooked investors.
Asian markets fell overnight when Japanese data showed its country's recovery slowed and China's market was hurt by an initial public offering that pulled investors away from the rest of the market. European indexes opened sharply lower after Greek workers again walked out of their jobs to protest steep budget cuts.
Interest rates fell in the bond market as investors sought the safety of Treasurys. The yield on the 10-year note dropped to 2.98 percent, the first time it has fallen below 3 percent since April 2009. Its yield is used as a benchmark for many consumer loans and mortgages.
Falling yields are a sign that investors are willing to forgo potential big gains in stocks for more certain, but smaller profits in bonds.
Investors are worried that a global rebound is weakening.

US Bonds looking good. Might start to see the recent mini-bounce in houses and sterling start to resume trend soon (down).

If NY is down by more than 200 points today the FTSE will follow suit, but less so if the usual occurs. IMO the US is far more realistic about the state of things than we are. Post election euphoria has another month or so to run before its back to the usual.

The below bit is very :o:o:o:o

______________________________

Strikes hit Greece and Spain as ECB deadline looms

Topics:International

On Tuesday June 29, 2010, 7:19 am EDT

By Renee Maltezou and Krista Hughes

ATHENS/FRANKFURT (Reuters) - Strikes in Greece and Spain highlighted resistance to Europe-wide austerity measures on Tuesday as the euro and shares tumbled ahead of a deadline for banks to repay a giant European Central Bank cash injection.

Edited by Realistbear
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#

Airline stocks dip with AMR, Delta Air Lines

# 8c077dc4-5ad2-4f73-b9c3-a381c5fece05:1922599:38a

Micron Technology shares down 10%

# 8c077dc4-5ad2-4f73-b9c3-a381c5fece05:1922589:37a

Titanium Metals shares down 4%

# 8c077dc4-5ad2-4f73-b9c3-a381c5fece05:1922579:37a

Massey Energy shares down 4%

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What is interesting is that its all down, including gold which normally rises on risk aversion days.

MARKET SUMMARY

US

EUROPE

ASIA

Dow 9,942.10 -196.42 -1.94%

Nasdaq 2,161.14 -59.51 -2.68%

S&P 500 1,051.35 -23.22 -2.16%

10 Yr Bond(%) 2.9880% -0.4400

Oil 75.68 -2.57 -3.28%

Gold 1,235.20 -3.00 -0.24%

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Looks like shit all real money is actually going into the market, how they get their figures this wrong beggars belief.

http://www.ftadviser.com/FTAdviser/Pensions/News/article/20100629/ad54814c-835d-11df-afeb-00144f2af8e8/Total-net-investments-20bn-lower-than-estimated.jsp

Total net investments £20bn lower than estimated

The total net investment by insurance companies, pension funds and trusts is £20bn lower than the revised 2009 fourth quarter net investment figure of £25.1bn, according to the Office of National Statistics (ONS).

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Click here AdvId: 2775328 AdId: 225749073 CrId: 37146645

Total net investment by these institutions was provisionally estimated to have been £5bn in the first quarter of 2010.

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