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Black Monday 4Th Jan 2016


TheCountOfNowhere

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HOLA441

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!

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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 by crashmonitor
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HOLA445

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.

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HOLA446

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 by Silverfinger
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HOLA447

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 by crashmonitor
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HOLA4421

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 :unsure:

http://www.express.co.uk/finance/personalfinance/631279/FTSE-100-loses-30BILLION-china-economy-pension-savers

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HOLA4424

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.

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