Guest eight Posted January 4, 2016 Share Posted January 4, 2016 It didn't fall further because they used their new rules about closing the market for a while under 'cooling off' rules. Haha. Free market says no! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 So, we got the initial 2% drop, followed by a hiatus ( or is that a lowatus ? ) then we'll see it rise to a small lose. It seems to be what happens every time now. Plunge protection ? Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 4, 2016 Share Posted January 4, 2016 (edited) Very bearish for this spring a' la 2003, then Brent on its back and HPI in overdrive and GDP doing OK, spot the difference. Also five and a half years into the Government's term. Then a meltdown to 3,500 which all began by ball crunching falls in January 2003. The Santa rally came too late to rescue a bad December, now we have a living wage to add to the Corporates bill, they have been losing investors money for 16 years now against every other asset class on the planet even when they could pay what they liked. Brexit, a living wage and massive pension deficits leads me to think we will visit 5500 before we get back to 6500 by the end of the year. Fear not when UK plc Corporates are all bust we can sell houses to each other. edit. did predict a spring meltdown during the end of year rally on the predictions thread. Edited January 4, 2016 by crashmonitor Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 Fear not when UK plc Corporates are all bust we can sell houses to each other some foreign idiot Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 4, 2016 Share Posted January 4, 2016 Fear not when UK plc Corporates are all bust we can sell houses to each other some foreign idiot Some truth in that, since the FTSE 100 (80% of UK market cap) has been losing money with indulgent artic explorations, 30 billion compo bills for oil spills that got slurped up by bacteria in short order and general incompetence, we have been relying on selling off London to balance our current account. Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted January 4, 2016 Share Posted January 4, 2016 (edited) Some truth in that, since the FTSE 100 (80% of UK market cap) has been losing money with indulgent artic explorations, 30 billion compo bills for oil spills that got slurped up by bacteria in short order and general incompetence, we have been relying on selling off London to balance our current account. So, there is no oil left at the ocean floor? Could you provide a link to that information? Thanks. Edited January 4, 2016 by Silverfinger Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 4, 2016 Share Posted January 4, 2016 (edited) So, there is no oil left at the ocean floor? Could you provide a link to that information? Thanks. And you think it really cost the US economy 30 billion or may be it was just the wrong place to get into litigation. Meanwhile the environmental cost, debatable...... http://www.scientificamerican.com/article/how-microbes-helped-clean-bp-s-oil-spill/ Edited January 4, 2016 by crashmonitor Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 4, 2016 Share Posted January 4, 2016 Having another go at the intraday low http://www.google.co.uk/finance?cid=12590587 Quote Link to comment Share on other sites More sharing options...
R K Posted January 4, 2016 Share Posted January 4, 2016 Oh do calm down with these "Black" threads for pity sakes. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 Oh do calm down with these "Black" threads for pity sakes. And a happy new year to you too. I thought you'd left. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted January 4, 2016 Share Posted January 4, 2016 Oh do calm down with these "Black" threads for pity sakes. Black is the new red. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 4, 2016 Share Posted January 4, 2016 Quote Link to comment Share on other sites More sharing options...
zugzwang Posted January 4, 2016 Share Posted January 4, 2016 Oh do calm down with these "Black" threads for pity sakes. Oh, the humanity! Quote Link to comment Share on other sites More sharing options...
Guest eight Posted January 4, 2016 Share Posted January 4, 2016 Black is the new red. To quote The Simpsons Movie "Black! That's the worst colour there is!" Quote Link to comment Share on other sites More sharing options...
Barnsey Posted January 4, 2016 Share Posted January 4, 2016 Had to be done, although if you watch the entire clip it really is a fantastic metaphor for the current denial going on everywhere that everything is fine with HPI and what happens when it cracks! Quote Link to comment Share on other sites More sharing options...
cool_hand Posted January 4, 2016 Share Posted January 4, 2016 7% drop - stock market closed. WOW! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 4, 2016 Share Posted January 4, 2016 I think the US plunge protection team will be out in force today. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 Down 2.21 % now, hardly black, more grey. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 4, 2016 Share Posted January 4, 2016 I think the US plunge protection team will be out in force today. Us cavalry relief force shot to pieces by those bloody shorters before their rendezvous at the battle front at 2:30pm. http://www.ig.com/uk/ig-indices/wall-street Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 It's getting blacker 2.56% down. Will be interesting to see what the US brings us. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 4, 2016 Share Posted January 4, 2016 Not for all of us, I have a £75k pension pot that I cannot get out for a good few years yet, they should change it to any age where you can get your money out, 40 at worst. A bit of advice from the (err) Daily Express http://www.express.co.uk/finance/personalfinance/631279/FTSE-100-loses-30BILLION-china-economy-pension-savers Quote Link to comment Share on other sites More sharing options...
winkie Posted January 4, 2016 Share Posted January 4, 2016 Not black for those who gain from the falls. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 A bit of advice from the (err) Daily Express http://www.express.co.uk/finance/personalfinance/631279/FTSE-100-loses-30BILLION-china-economy-pension-savers "Fears for pensions..." ...as QE supported ponzi unravels. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 4, 2016 Share Posted January 4, 2016 Not black for those who gain from the falls. Wealth is relative not absolute, so if you are underweight or have no skin in the game you have won today. You don't need to be a shorter. Good for HPCer who has decided that discretion is the better part of valour and stuck to cash, especially as 0% CPI isn't that much of a target to beat these days. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted January 4, 2016 Share Posted January 4, 2016 And a happy new year to you too. I thought you'd left. One can but dream Quote Link to comment Share on other sites More sharing options...
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