interestrateripoff Posted September 7, 2011 Share Posted September 7, 2011 BBC 15 min delayed figure FTSE 100 5271.85 Up 115.01 2.23% Looks like all the debt worries have just evaporated, the FTSE is clearly on track to be around 6000 at the end of the month. Thought I'd better post the news as we only ever concentrate on the negatives. Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted September 7, 2011 Share Posted September 7, 2011 BBC 15 min delayed figure FTSE 100 5271.85 Up 115.01 2.23% Looks like all the debt worries have just evaporated, the FTSE is clearly on track to be around 6000 at the end of the month. Thought I'd better post the news as we only ever concentrate on the negatives. When they were up they were up When they were down they were down and when they were only half way up they were only half way down Quote Link to comment Share on other sites More sharing options...
EvilEdna Posted September 7, 2011 Share Posted September 7, 2011 Supposedly its the buggery German court case whot did it Quote Link to comment Share on other sites More sharing options...
Terribad Posted September 7, 2011 Share Posted September 7, 2011 Black Tuesday was a bad call Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted September 7, 2011 Share Posted September 7, 2011 Black Tuesday was a bad call Given the bum raping people have been taking courtesy of Merv I think there is a fair degree of support in the market for quality shares with a good yield. I know several people who have moved from cash into equities. Also some people selling up a proportion of gold seeing more and more of a risk in that market. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 7, 2011 Share Posted September 7, 2011 Also some people selling up a proportion of gold seeing more and more of a risk in that market. Are you allowed to say that? Quote Link to comment Share on other sites More sharing options...
Terribad Posted September 7, 2011 Share Posted September 7, 2011 Quite, but I'm sitting on the sidelines still. Still aiming for 5500 ish before shorting. Quote Link to comment Share on other sites More sharing options...
Noginthenog Posted September 7, 2011 Share Posted September 7, 2011 Supposedly its the buggery German court case whot did it Yes, they can carry on bailing out, they must save the euro. We must not let markets find true value. (At least not until we've screwed every last penny out of investors....) Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted September 7, 2011 Share Posted September 7, 2011 I'm surprised the FTSE100 doesn't have fraction burns with all this up and down movement. Still nothing like some volatility to swell the Banksters coffers. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted September 7, 2011 Share Posted September 7, 2011 Quite, but I'm sitting on the sidelines still. Still aiming for 5500 ish before shorting. Nieve newbie question alert. How does average Mr Joe Punter short, other than spread betting? Quote Link to comment Share on other sites More sharing options...
dammfoolman Posted September 7, 2011 Share Posted September 7, 2011 relax .. lower highs and lower lows.. the direction of travel is down.. Quote Link to comment Share on other sites More sharing options...
leicestersq Posted September 7, 2011 Share Posted September 7, 2011 Are you allowed to say that? Burn the heretic! Quote Link to comment Share on other sites More sharing options...
Terribad Posted September 7, 2011 Share Posted September 7, 2011 Nieve newbie question alert. How does average Mr Joe Punter short, other than spread betting? I use spread betting. No tax. Wouldn't want it any other way. Loads of instruments to trade, at your fingertips, almost 24/7, tax free, free excellent analysis software, brilliant Finally the little guy is allowed in on the action. Quote Link to comment Share on other sites More sharing options...
newbie Posted September 7, 2011 Share Posted September 7, 2011 White Wednesday? So it's down 3%, then up 2%, then down 3%, then up 2%... etc Despite the court ruling, Greek CDS is still 26.5%. So the market thinks they're going to default. When that happens, it'll be 2008-9 all over again: write-offs at banks, fear of interbank lending again as no-one knows where the losses will fall, and then big loss announcements (also bringing other skeletons out of the closet). Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted September 7, 2011 Share Posted September 7, 2011 White Wednesday? So it's down 3%, then up 2%, then down 3%, then up 2%... etc Despite the court ruling, Greek CDS is still 26.5%. So the market thinks they're going to default. When that happens, it'll be 2008-9 all over again: write-offs at banks, fear of interbank lending again as no-one knows where the losses will fall, and then big loss announcements (also bringing other skeletons out of the closet). I wish they would hurry up and get on with it. let the fun begin! ( he says whilst stuffing £20 notes into the mattress) Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted September 7, 2011 Share Posted September 7, 2011 I use spread betting. No tax. Wouldn't want it any other way. Loads of instruments to trade, at your fingertips, almost 24/7, tax free, free excellent analysis software, brilliant Finally the little guy is allowed in on the action. I don't understand why gambing is the only business activity that is tax free. It's almost as if the Labour Party (who made this change) are trying to tell us something.... Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted September 7, 2011 Share Posted September 7, 2011 (edited) I don't understand why gambing is the only business activity that is tax free. It's almost as if the Labour Party (who made this change) are trying to tell us something.... because omost lose and applying tax to it would also make it tax deductible for losses i would imagine Edited September 7, 2011 by Tamara De Lempicka Quote Link to comment Share on other sites More sharing options...
Terribad Posted September 7, 2011 Share Posted September 7, 2011 The only ______ in the wood pile is the extra spread they put on it for individual shares. Hence I'm hesitating to go full on to spread betting or not. Yes I still long with a shares account. its only really bad for smallcaps though. Quote Link to comment Share on other sites More sharing options...
CleverBear Posted September 7, 2011 Share Posted September 7, 2011 Interesting that people seem to think gold is a hedge against some sort of money collapse. However, the reality is that gold has no actual use in the world. It is an utterly useless commodity. Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted September 7, 2011 Share Posted September 7, 2011 Are you allowed to say that? A guy I work with who is sitting on a £1 Million portfolio told me last week that he had cashed in $30,000 gold (about 1/3rd of his gold holding) and moved into equities of the defensive type. In his case profit taking. Said he bought in to gold around the $800-$900 mark. Quote Link to comment Share on other sites More sharing options...
CleverBear Posted September 7, 2011 Share Posted September 7, 2011 http://geology.com/minerals/gold/uses-of-gold.shtml Gold has next to zero real life uses. This link shows nothing. Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted September 7, 2011 Share Posted September 7, 2011 http://geology.com/minerals/gold/uses-of-gold.shtml To be fair whilst it has many uses it also substitutable in every use. Anyway if the world economy really goes Mad Max it will be worth nowt - although due to its weight would make a good slingshot slug Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 7, 2011 Share Posted September 7, 2011 A guy I work with who is sitting on a £1 Million portfolio told me last week that he had cashed in $30,000 gold (about 1/3rd of his gold holding) and moved into equities of the defensive type. In his case profit taking. Said he bought in to gold around the $800-$900 mark. Lucky sod. Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted September 7, 2011 Share Posted September 7, 2011 Lucky sod. He has spent 20 years in the middle east for it. Nice pension pot though. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted September 7, 2011 Share Posted September 7, 2011 Quite, but I'm sitting on the sidelines still. Still aiming for 5500 ish before shorting. Start shorting 5300 then more if gets up to your level. Quote Link to comment Share on other sites More sharing options...
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