Jump to content
House Price Crash Forum

Ftse Breaks 5000


buytoilet
 Share

Recommended Posts

  • Replies 146
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

and back under 5000 it goes

I wonder if it'll stay there? There seems to be some sort of psychological support level around 5000, ftse seems really reluctant to break through 5000 and get a foothold there. Even the Dow seems resigned to settling down under 11000 but the ftse seems resilient.

Link to comment
Share on other sites

Volatile is BAD, Volatile=unpredictable. If the stock went down 10% (D10), and you bought it the next day, and then it went up 10% (UP10), you'd be well pleased.

Small nitpick - if something goes down 10%, then up 10% then you've lost money!

e.g. start at 100, down 10% (of 100) is 100 - 10 = 90, up 10% (of 90) is 90 + 9 = 99.

Link to comment
Share on other sites

More worried about the S&P500 as far as the ftse is concerned personally. And that is down again today. I dont really understand why though, its not like this news out of greece is even relevant. Greece is gone basically so who cares about their deficit targets. A greece default is already priced in.

Why do you assume default is priced in? Maybe the full bailout is priced in.

Impossible to know, surely?

Link to comment
Share on other sites

Got a friend who has just yesterday received his Halifax isa statement he rang me to ask how this could have lost so much he didn't believe me when i explained the situation to him and also their charges ,he marched up to the branch to complain to be told no one is available to see him . Wonder how many other people like him in the UK are still blind to see they are losing lots of money as they assumed that buying a product through a UK bank with a isa (government tag) FTSE trackers were 100% safe , the mind boggles.

Link to comment
Share on other sites

I would buy into a ftse tracker now and sell at the end of friday.

Reasons = alot of big data out at the end of this week and data has beat sentiment alot recently so could be good news.

I could be wrong and ftse could crash 60% and I lose all my money though :lol:

Edited by CleverBear
Link to comment
Share on other sites

I would buy into a ftse tracker now and sell at the end of friday.

Reasons = alot of big data out at the end of this week and data has beat sentiment alot recently so could be good news.

I could be wrong and ftse could crash 60% and I lose all my money though :lol:

You would surely have to make quite a bit with a buy/sell spread being against you on two deals, assuming there is a spread? I was thinking of getting one myself through RBS, which has no commission, but again I would assume there is a spread. I would imagine there is a delay on execution of at least 24 hours using a high street bank, but I assume you deal direct with a broker?

Edit. In August I put 80K on notice from the Nottingham BS. Today is my last chance to get it out penalty free and a tracker looks tempting with p/e at 8. I think the market will fall to 4500 at some point, but today's price will be revisited very quickly IMO.

Edited by crashmonitor
Link to comment
Share on other sites

You would surely have to make quite a bit with a buy/sell spread being against you on two deals, assuming there is a spread? I was thinking of getting one myself through RBS, which has no commision, but again I would assume there is a spread. I would imagine there is a delay on execution of at least 24 hours using a high street bank, but I assume you deal direct with a broker?

Very little spread on some of the etfs tracking it. Can do it via broker, no stamp duty. Its bought that moment. Then can sell instantly too. Perfect :)

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.