Realistbear Posted August 16, 2007 Share Posted August 16, 2007 No more city bonuses. London house prices tank and the effect ripples out-wards like a housepricecrash nuke. Bonuses? Most of the financial companies will be asking directors to repay last year's bonuses: Its going to be 1987 all over again--but this time it will be with a vengeance. http://uk.biz.yahoo.com/16098007/214/europ...kets-lower.html Financial News Thursday August 16, 12:55 PM Europe: Bonuses at risk as bourses follow global markets lower LONDON (ShareCast) - City bonuses may not only be a thing of the past this year as some brokerage houses are warning directors that bonuses paid last year may have to be repaid as liquidity dries up. Elswhere, European shares followed US and Asian markets lower as lending concerns gripped global sentiment once again. Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted August 16, 2007 Share Posted August 16, 2007 Bonuses? Most of the financial companies will be asking directors to repay last year's bonuses:Its going to be 1987 all over again--but this time it will be with a vengeance. http://uk.biz.yahoo.com/16098007/214/europ...kets-lower.html Financial News Thursday August 16, 12:55 PM Europe: Bonuses at risk as bourses follow global markets lower LONDON (ShareCast) - City bonuses may not only be a thing of the past this year as some brokerage houses are warning directors that bonuses paid last year may have to be repaid as liquidity dries up. Elswhere, European shares followed US and Asian markets lower as lending concerns gripped global sentiment once again. music to my ears Quote Link to comment Share on other sites More sharing options...
Minos Posted August 16, 2007 Share Posted August 16, 2007 I wish I had some shares to sell to help it on it's way. I've got £12 odd in an ISA tracker I could dump. Do you think that will help ? Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted August 16, 2007 Share Posted August 16, 2007 Bonuses? Most of the financial companies will be asking directors to repay last year's bonuses:Its going to be 1987 all over again--but this time it will be with a vengeance. http://uk.biz.yahoo.com/16098007/214/europ...kets-lower.html Financial News Thursday August 16, 12:55 PM Europe: Bonuses at risk as bourses follow global markets lower LONDON (ShareCast) - City bonuses may not only be a thing of the past this year as some brokerage houses are warning directors that bonuses paid last year may have to be repaid as liquidity dries up. Elswhere, European shares followed US and Asian markets lower as lending concerns gripped global sentiment once again. I am getting doc not found RB.... again please?! Repaying bonus'.... i dont ******ing think so! I bet it doesn't say in the contract they have to do that and noone in there right mind is going to repay a massive bonus of say 500,000 quid. You'd just leave and tell them to stick it? (unless you think you can't get another job!) Quote Link to comment Share on other sites More sharing options...
Wait & See Posted August 16, 2007 Share Posted August 16, 2007 I wish I had some shares to sell to help it on it's way. I've got £12 odd in an ISA tracker I could dump. Do you think that will help ? Dumping time has begun - oh sh*t, this looks bad!! Quote Link to comment Share on other sites More sharing options...
Guest anorthosite Posted August 16, 2007 Share Posted August 16, 2007 Biggest One Day Falls on FTSE100 After today there'll probably have been two days in the top five in the space of a week! Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted August 16, 2007 Share Posted August 16, 2007 I wish I had some shares to sell to help it on it's way. I've got £12 odd in an ISA tracker I could dump. Do you think that will help ? It could just be the straw that breaks the camels back!! Dump away! Quote Link to comment Share on other sites More sharing options...
Objective Developer Posted August 16, 2007 Share Posted August 16, 2007 How long until they stop blaming the US lenders and start realising that we have our own sub-prime problem, right here in the UK? I mean, it doesn’t take a genius to figure out that when the average house costs £200k, and the average person earns £23k, then there just might have been some lending to people who really could not afford the loan in anything other than the rosiest of environments (i.e. not now). Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted August 16, 2007 Share Posted August 16, 2007 -How long until they stop blaming the US lenders and start realising that we have our own sub-prime problem, right here in the UK? next year. Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted August 16, 2007 Share Posted August 16, 2007 Biggest One Day Falls on FTSE100After today there'll probably have been two days in the top five in the space of a week! So.... based on that, roughly speaking a 3%+ drop is a once every 3 year event? ish? 4% is reall bad. 5% is something serious, eg terrorism or a ******ed up market. So...whats it going to be today boys? (and girls!) Quote Link to comment Share on other sites More sharing options...
Minos Posted August 16, 2007 Share Posted August 16, 2007 Bonuses? Most of the financial companies will be asking directors to repay last year's bonuses:Its going to be 1987 all over again--but this time it will be with a vengeance. http://uk.biz.yahoo.com/16098007/214/europ...kets-lower.html Financial News Thursday August 16, 12:55 PM Europe: Bonuses at risk as bourses follow global markets lower LONDON (ShareCast) - City bonuses may not only be a thing of the past this year as some brokerage houses are warning directors that bonuses paid last year may have to be repaid as liquidity dries up. Elswhere, European shares followed US and Asian markets lower as lending concerns gripped global sentiment once again. I was just out of school in '87. What happened and how bad was it ? I remember something about it being rather windy. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted August 16, 2007 Share Posted August 16, 2007 Bonuses? Most of the financial companies will be asking directors to repay last year's bonuses:Its going to be 1987 all over again--but this time it will be with a vengeance. It will be a real shame if that happened. Wait a minute ... Quote Link to comment Share on other sites More sharing options...
Minos Posted August 16, 2007 Share Posted August 16, 2007 It could just be the straw that breaks the camels back!!Dump away! I'm ringing them now. FTSE @ 5913.80. Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted August 16, 2007 Share Posted August 16, 2007 And how far up/down do we think the dow is going to open?? Quote Link to comment Share on other sites More sharing options...
marzipan Posted August 16, 2007 Share Posted August 16, 2007 So.... based on that, roughly speaking a 3%+ drop is a once every 3 year event? ish?4% is reall bad. 5% is something serious, eg terrorism or a ******ed up market. So...whats it going to be today boys? (and girls!) A History Of FTSE Volatility http://www.fool.co.uk/news/Comment/2006/c060530d.htm Quote Link to comment Share on other sites More sharing options...
Realistbear Posted August 16, 2007 Share Posted August 16, 2007 I was just out of school in '87. What happened and how bad was it ? I remember something about it being rather windy. My post was a But perhaps not far off as bonuses may well be history given the hits the financials are taking. 1987 saw a large SM correction and thebeginning of a bear market. Thousands of City jobs were lost as M&A activity etc. dried up. 18 months later and Great Crash I began. Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted August 16, 2007 Share Posted August 16, 2007 And how far up/down do we think the dow is going to open?? http://www.bloomberg.com/markets/stocks/futures.html Quote Link to comment Share on other sites More sharing options...
contractor Posted August 16, 2007 Share Posted August 16, 2007 And how far up/down do we think the dow is going to open?? Open at around 12700, buy 10am EST it will be 12630ish then god only knows (crytal ball gets cloudy from then on) Quote Link to comment Share on other sites More sharing options...
ruggedtoast Posted August 16, 2007 Share Posted August 16, 2007 Its rallying! Quote Link to comment Share on other sites More sharing options...
BTLlivingthedream Posted August 16, 2007 Share Posted August 16, 2007 http://business.guardian.co.uk/markets/sto...2149744,00.html Footsie falls sharply Vote: correction or crash? Fiona Walsh and Katie Allen Thursday August 16, 2007 Guardian Unlimited Shares in London plummeted more than 200 points today, sending the FTSE 100 index crashing below 6,000 as the storm engulfing global stock markets intensified. There were heavy losses throughout the market, particularly among the banks, as panicked traders dumped shares. By 1pm the FTSE 100 index was 221.4 points lower at 5887.9, a fall of 3.6%. This is its lowest level since last October. "What we are witnessing is a rapid unwinding of risk on a global scale," said Martin Slaney, head of spread betting at GFT Global Markets. Article continues "Even traditional safe havens such as gold are deemed too risky in this climate," he added. "In these extremely nervous market conditions, economic fundamentals have gone out of the window, and panic selling has set in." He warned: "The days of easy credit are almost certainly over and the implications of this for everyone from hedge funds to homeowners are only now being realised." Today's fall in London follows an overnight battering for Asian stocks, as the far east markets took their cue from Wall Street's heavy losses yesterday. After a day of wild swings, a late plunge on Wall Street saw the Dow Jones Industrial Average end 167 points lower, at 12,861, taking it below the 13,000 level for the first time since April. London had managed to withstand the worst yesterday but there was no place to hide today. The crisis was sparked by defaults on sub-prime home loans in America. All eyes will be on Wall Street this afternoon, where the Dow looks set to drop another 150 points at the start. Ahead of the opening bell the US Commerce Department will release figures on housing starts and permits for last month, which will provide further clues on the health of the housing market. There was fresh evidence in Europe of the spread of the contagion, as the insurer Zurich said it had invested $340m (£171m) in sub-prime debt in the US and $479m in collateralised debt obligations (CDO). But this is out of total investments of $186bn, and chief financial officer Dieter Wemmer said the group had "no concerns on the credit quality of the CDO or sub-prime exposure". Elsewhere around the world, shares in the Australian mortgage lender RAMS Home Loans Group crashed 60%, as the US credit squeeze left it unable to refinance $5bn in debt. The news unnerved already panicky traders in Sydney, where the market also suffered sharp losses. In Tokyo, the Nikkei 225 index closed almost 2% lower, down 327.12 points at 16,148.49, after falling below the 16,000 level at one stage. Other Asian markets suffered sharp falls. A further injection of cash into the banking system by the Federal Reserve failed to ease investors' nerves yesterday. Figures showing a slump in home sales and collapse of confidence among US builders deepened the gloom and traders were further spooked by a broker downgrade on the country's leading mortgage lender, Countrywide Financial, along with rumours that it was having trouble raising money. The US Treasury secretary, Henry Paulson, insisted today that America could withstand the current turmoil. "The economy and the markets are strong enough to absorb the losses," Mr Paulson said in an interview on the Wall Street Journal's website. The former Goldman Sachs chief executive said the global economy was in much stronger shape than in previous periods of market stress, and that the repricing of risk in markets was inevitable. He also said nothing should be done to guarantee market players against losses. "One of the natural consequences of the excesses is that some entities will cease to exist," he said. -------------------- that last quote has surely got to be the euphemism of the year... Quote Link to comment Share on other sites More sharing options...
Charliemouse Posted August 16, 2007 Share Posted August 16, 2007 Its rallying! Oh... hang on.. its tanking. Quote Link to comment Share on other sites More sharing options...
stew Posted August 16, 2007 Share Posted August 16, 2007 Not for long Quote Link to comment Share on other sites More sharing options...
ae589 Posted August 16, 2007 Share Posted August 16, 2007 I remember something about it being rather windy. I was 12, and thought the market had crashed because of the storms... as many 12 year old will think now. 'Stock market crash caused by floods'. Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted August 16, 2007 Share Posted August 16, 2007 Bonuses? Most of the financial companies will be asking directors to repay last year's bonuses:Its going to be 1987 all over again--but this time it will be with a vengeance. http://uk.biz.yahoo.com/16098007/214/europ...kets-lower.html Financial News Thursday August 16, 12:55 PM Europe: Bonuses at risk as bourses follow global markets lower LONDON (ShareCast) - City bonuses may not only be a thing of the past this year as some brokerage houses are warning directors that bonuses paid last year may have to be repaid as liquidity dries up. Elswhere, European shares followed US and Asian markets lower as lending concerns gripped global sentiment once again. I too am having trouble with this link. Interesting story, but I wish you'd fix the link. Quote Link to comment Share on other sites More sharing options...
maxdiver Posted August 16, 2007 Share Posted August 16, 2007 I haven't written on HPC for about 6 months. But now I think that the world has changed. The monetary policies of the US Fed. Reserve and other central banks has caused this. Houseprices are the least of our worries right now - Quote Link to comment Share on other sites More sharing options...
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