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DOW falls 1100 points


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HOLA441
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HOLA4414
7 minutes ago, Kosmin said:

According to this link the all time low is 427.50 reached during February 1978.

https://tradingeconomics.com/united-kingdom/stock-market

But I thought it was started in 1984!

Working backwards and basing it on 1984 (1000) I would have thought. Would probably have been a 100 tracking index  in existence to make that easy.

But yep  pre 84 only the FT30 was ever quoted.

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2 minutes ago, crashmonitor said:

Working backwards and basing it on 1984 (1000) I would have thought. Would probably have been a 100 tracking index  in existence to make that easy.

But yep  pre 84 only the FT30 was ever quoted.

Most of the shares will have existed so making a valuation of those shares as an index should be a fairly simple process.

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1 minute ago, Option5 said:

Most of the shares will have existed so making a valuation of those shares as an index should be a fairly simple process.

Also I guess they would have to change the historic make up with promotions and relegations, but simple for a computer programme.

 

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13 minutes ago, crashmonitor said:

Well we got there in the end. Reassuringly we are sub 30th December 1999 on the FTSE 100 whence a 6930.5 marker was set.

I never quite get that thinking genuinely, if all other asset classes perform poorly where are people going to put their money? 

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6 minutes ago, GregBowman said:

I never quite get that thinking genuinely, if all other asset classes perform poorly where are people going to put their money? 

Being a bit faceitious because the thinking is we are in an Equity bull. Wealth is relative not absolute so most of us are getting our assets trimmed and it doesn't make that much difference. It will go up again.

I guess if you are in a  defined State retirement scheme it makes no difference at all and those with cash deposits will probably be breathing a sigh of relief.

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12 minutes ago, crashmonitor said:

Being a bit faceitious because the thinking is we are in an Equity bull. Wealth is relative not absolute so most of us are getting our assets trimmed and it doesn't make that much difference. It will go up again.

I guess if you are in a  defined State retirement scheme it makes no difference at all and those with cash deposits will probably be breathing a sigh of relief.

Can see that now, just that thinking seems to be a contributor to the only thing worth investing in is property meme (not you obviously!) 

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37 minutes ago, AdamoMucci said:

I make a post saying we are done, I look away for a couple of days, and we are in the low 24ks. I am going to do that more often.

I did all my popcorn by the end of last week. Do I really have to go out and get some more?

No...just keep saying lazarus will get back up...you're doing really well.....

Like buses....all that bad news has come along at once, reality has finally kicked in. Glad to see the PPT getting to do some work though...just a matter of how long more this market will eat itself. FAANGS, share buy backs etc....a lot of hot air gonna rush out.

I mean, who could let this happen lol....you cant taper a Ponzi scheme :lol:

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