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Ftse Opens Below 6000


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HOLA441
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Business is all about growing profits. In the city they have been pushing the markets to get as much as possible and now in the past week or so with no exception of today the market is collaspsing. The cracks have appeared and central banks are stepping in to plug up the holes and seal the cracks.

Its going to get a lot worse before it gets better.

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Can anyone explain why we didn't have this type of SM hysteria around May/June time last year? Looking at the graph, these sorts of drops have been seen before.

No-one knew why then (though some suspected) . Now it's bleeding obvious, so the fear is contagious.

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Guest DissipatedYouthIsValuable
second to farmers, bankers are the most 'sensitive' to market fairness.

Haha.

"Things are so bad, EVEN the farmers are moaning about it"

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... and on "The 24" as the Beeb like to call it, the order of news is:

1 . A-Levels : Record results - 96.9% passes, 25% with grade A : HIP-HIP-HOORAH!

2 . Earthquake Not in the UK : How lucky are we? HIP-HIP-HOORAH!

3 . Clamp Down on The Wheel Clampers : Good news for motorists. HIP-HIP-HOORAH!

3a : Protesters arrested @ airport protests

3b : Madeleine McCann

3c : dunno

4 . Yeah, er, something kinda bad effecting markets but hey, what does that have to do with anyone in the long term. Let's face it, nobody got stabbed, right? That's gotta be a cause for celebration, no? Hip-hip ....

... and who's in trouble ....

Shock horror, it could have implications for th eH Market!!!

... but sales are up on the high street ....

... and there are no inflationary pressures, but organised crime has moved into the metals market, nicking church bells etc

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http://www.ft.com/cms/s/47122c40-4bbb-11dc...00779fd2ac.html

European markets gripped by fearBy FT Reporters

Published: August 16 2007 07:31 | Last updated: August 16 2007 13:11

European equity markets approached their lowest levels of the year on Thursday as concerns about financial companies and their exposure to the tightening of the credit market gathered pace.

The market correction which began last week after BNP Paribas suspended three of its investment funds on Thursday accelerated.

London’s FTSE 100 fell below the 6,000 level for the first time since March and hit a low for the year. By midday the index of the UK’s 100 biggest companies was down 161.8 points or 2.7 per cent at 5,947.5.

Wait until the US market opens as it will get uglier!

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... and on "The 24" as the Beeb like to call it, the order of news is:

1 . A-Levels : Record results - 96.9% passes, 25% with grade A : HIP-HIP-HOORAH!

2 . Earthquake Not in the UK : How lucky are we? HIP-HIP-HOORAH!

3 . Clamp Down on The Wheel Clampers : Good news for motorists. HIP-HIP-HOORAH!

3a : Protesters arrested @ airport protests

3b : Madeleine McCann

3c : dunno

4 . Yeah, er, something kinda bad effecting markets but hey, what does that have to do with anyone in the long term. Let's face it, nobody got stabbed, right? That's gotta be a cause for celebration, no? Hip-hip ....

Actually to be fair, BBC 1 News at 1pm has just given it quite good coverage

'It's all down to the US mortgage market...blah blah....could effect the house market here if lenders feel it could happen here and stop lending so much'

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Bloomberg report DOW futures at session low. Going to be ugly and it may impact the FTSE which so far has "only" seen declines at around 3%. 5700 by session end???

i doubt it, but it would be superb!

Not long till the dow opens! Just 40 mins!

If its down a 4% decline would come on the FTSE i guess...... anyone know what the one day record is? Does the market get suspended at 5% like in some other countries?

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