Democorruptcy Posted August 6, 2011 Share Posted August 6, 2011 At 4:30pm figures from FT and BV will be rounded up to the nearest point to avoid level on the day. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted August 6, 2011 Share Posted August 6, 2011 How about a haven't got an effing clue option ? Quote Link to comment Share on other sites More sharing options...
pl1 Posted August 6, 2011 Share Posted August 6, 2011 How about doji? Quote Link to comment Share on other sites More sharing options...
200p Posted August 6, 2011 Share Posted August 6, 2011 Who knows, they could close all the exchanges and banks if necessary. What about this bank holiday? Quote Link to comment Share on other sites More sharing options...
Bear Monger Posted August 6, 2011 Share Posted August 6, 2011 I would normally expect this to send the markets lower a couple of percentage points at least. Due to the fact that the market seems to behave in exactly the opposite way I would expect, this actually means the market will finish higher close of business on Monday by a percentage point or two. Quote Link to comment Share on other sites More sharing options...
Pytyr Posted August 6, 2011 Share Posted August 6, 2011 last I saw today, the saudi exchange was down 5%. I think the asian markets will close well down, the european markets will do a headless chicken until the us opens. Throwing my hat in the ring, I see an initial us bounce by bargian seekerrs followed by a big slump but pulled back before the close. Expectations of special extraordinary measures will be high but no one will have a clue where to put their money. Best avoided by small fry like us. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 6, 2011 Share Posted August 6, 2011 Where's the option for interest rates to still be 0.5% and for Merv to be vigilant? Quote Link to comment Share on other sites More sharing options...
RDW Posted August 6, 2011 Share Posted August 6, 2011 Pesto just said 'could be very hairy on monday' Quote Link to comment Share on other sites More sharing options...
Pytyr Posted August 6, 2011 Share Posted August 6, 2011 Actually no, I'd argue. As a small PI, you can get in and out with relative ease, it's the fund managers with many millions who must be bricking it as they could easily drive prices down tremendously. OK, maybe I should have phrased it better: depending on your risk appetite, there could well be an extremely volatile market which represents an opportunity to make you a fortune or lose you lots of your hard won cash. The choose is yours. For me, it's not worth sweating over; for you, it's a buying opportunity. Good luck and let me know (honestly) how you did. I hope you're not using any money you can't lose in this. Quote Link to comment Share on other sites More sharing options...
Kilham Posted August 6, 2011 Share Posted August 6, 2011 PPTs ready to buy the Dow and dump paper Gold. Quote Link to comment Share on other sites More sharing options...
KingBingo Posted August 6, 2011 Share Posted August 6, 2011 Markets are technically oversold, so I expect them to bounce for a day or two, until more economic news comes out, and everyone suddenly remembers how screwed we are. Quote Link to comment Share on other sites More sharing options...
RDW Posted August 7, 2011 Share Posted August 7, 2011 Hairy monday. Call it !! Quote Link to comment Share on other sites More sharing options...
jonb Posted August 7, 2011 Share Posted August 7, 2011 It is difficult to call. The UK market could go up because of people taking money out of the US and moving it to a safe haven. It could go down because they think the UK could be next, or because of the usual "wall street sneezes, britain catches a cold" Quote Link to comment Share on other sites More sharing options...
'Bart' Posted August 7, 2011 Share Posted August 7, 2011 How about a haven't got an effing clue option ? Ahhh, the Mervyn King option. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 7, 2011 Share Posted August 7, 2011 FTSE up by less than 50 pts Gold Broadly Flat Pound down by under a cent Nothing to write home about, friends. Quote Link to comment Share on other sites More sharing options...
Confounded Posted August 7, 2011 Share Posted August 7, 2011 President Oboma was on television on Friday night after the "Market Turmoil" (DOW was up 60 points on Friday) telling the nation "we will get through this" The DOW is 18% from it's all time high, something does not add up if you are looking for the markets to reflect reality. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted August 7, 2011 Author Share Posted August 7, 2011 Bump Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted August 7, 2011 Share Posted August 7, 2011 Pesto just said 'could be very hairy on monday'I love technical jargon. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted August 7, 2011 Author Share Posted August 7, 2011 It just shows how strange things are these days The two largest votes so far are for FTSE down but sterling up. Wouldn't it usually be both up or both down together? Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted August 7, 2011 Share Posted August 7, 2011 is it possible for the market to drop more than 10% in a day? i would have thought they would shut the market down if it crashes too hard Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted August 7, 2011 Share Posted August 7, 2011 (edited) President Oboma was on television on Friday night after the "Market Turmoil" (DOW was up 60 points on Friday) telling the nation "we will get through this" Obama always talks in platitudes. Edited August 7, 2011 by Take Me Back To London! Quote Link to comment Share on other sites More sharing options...
dinker Posted August 7, 2011 Share Posted August 7, 2011 It just shows how strange things are these days The two largest votes so far are for FTSE down but sterling up. Wouldn't it usually be both up or both down together? Markets don`t seem to engage in rational analysis of the situation but rather to signals from powerful institutions. The downgrading of America will exacerbate the flight to safety, which means out of equities. Quote Link to comment Share on other sites More sharing options...
winkie Posted August 7, 2011 Share Posted August 7, 2011 Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted August 7, 2011 Share Posted August 7, 2011 I love technical jargon. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted August 7, 2011 Author Share Posted August 7, 2011 Markets don`t seem to engage in rational analysis of the situation but rather to signals from powerful institutions. The downgrading of America will exacerbate the flight to safety, which means out of equities. Yes but when there is a flight to safety isn't it usually FTSE and sterling down together but dollar up? I've voted for FTSE and sterling down. Admittedly it's the first time the US has been downgraded but will people really think sterling is more safe than the dollar? Surely if they go down they will take us with them? Quote Link to comment Share on other sites More sharing options...
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