Pluto Posted September 14, 2007 Share Posted September 14, 2007 Yep. That is when Rightmove wrongmoves the market with their slash in selling prices. Add this to the builders and banks going down the toilet like bad turds and we have a perfect storm brewing. Batton down the hatches comrades. Quote Link to comment Share on other sites More sharing options...
Luminist Posted September 14, 2007 Share Posted September 14, 2007 Yep. That is when Rightmove wrongmoves the market with their slash in selling prices. Add this to the builders and banks going down the toilet like bad turds and we have a perfect storm brewing.Batton down the hatches comrades. Yes, I agree with Pluto about Monday. I don't often go for Black Day predictions but the 17th of September has all the hallmarks of a perfect storm Best, L Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted September 14, 2007 Share Posted September 14, 2007 Yep. That is when Rightmove wrongmoves the market with their slash in selling prices. Add this to the builders and banks going down the toilet like bad turds and we have a perfect storm brewing.Batton down the hatches comrades. When the Footsie falls by 10% or more you can then call it a black anyday. Last big fall IIRC around 4% just a blip compared to 1987. Not to worry a couple of grand of gold will save you from the Armageddon. BTW love the use of the word comrade. Edit: just announced the Footsie is down 0.8% Quote Link to comment Share on other sites More sharing options...
kilroy Posted September 14, 2007 Share Posted September 14, 2007 Yep. That is when Rightmove wrongmoves the market with their slash in selling prices. Add this to the builders and banks going down the toilet like bad turds and we have a perfect storm brewing.Batton down the hatches comrades. Rightmove released it today due to the "leak". Quote Link to comment Share on other sites More sharing options...
Pluto Posted September 14, 2007 Author Share Posted September 14, 2007 Rightmove released it today due to the "leak". Did they? I didn't see it get picked up anywhere. Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted September 14, 2007 Share Posted September 14, 2007 I'm surprised that "black Monday" came up so late in the day, considering what's going on. Quote Link to comment Share on other sites More sharing options...
dirge Posted September 14, 2007 Share Posted September 14, 2007 christ another black thred Quote Link to comment Share on other sites More sharing options...
Rizo Posted September 14, 2007 Share Posted September 14, 2007 Why can't we have a brown day? Anti asain sentiment on this website if you ask me! Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted September 14, 2007 Share Posted September 14, 2007 You can't go wrong with beige. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 14, 2007 Share Posted September 14, 2007 Black September? Oh no that's been taken... Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted September 14, 2007 Share Posted September 14, 2007 Why would "bad news" announced on Thursday crash the market on Monday? Quote Link to comment Share on other sites More sharing options...
Guest Shedfish Posted September 14, 2007 Share Posted September 14, 2007 isn't there the small matter of the 'ABCP rollover week'? Quote Link to comment Share on other sites More sharing options...
crash 2005 Posted September 14, 2007 Share Posted September 14, 2007 (edited) Rightmove released it today due to the "leak". no you're wrong. It is still the leaked version making the rounds. Their website has still not officially released the report, and does not intend to till monday http://www.rightmove.co.uk/template/public...CRTPRArchive.vm Edited September 14, 2007 by crash 2005 Quote Link to comment Share on other sites More sharing options...
South Lorne Posted September 14, 2007 Share Posted September 14, 2007 ....Rightmove are VI's ......any data from them has to be analysed carefully...... Quote Link to comment Share on other sites More sharing options...
starsign Posted September 14, 2007 Share Posted September 14, 2007 another weekend, another "black Monday" thread. How about this, FTSE recovers 60-70 points following the DJ up, NR doesn't call on the BoE loan, NR shares rebound 10% and we all carry on as usual, some house price data comes out showing house prices haven't declined and it is pulled apart as incorrect data, VI spin, the truth being withheld from us... Oh nearly forgot, the people with the loudest voices on HPC.co.uk continue to right "your" instead of "you are" whilst claiming to understand how everything works better than someone else, although the basics of English have passed them by. Quote Link to comment Share on other sites More sharing options...
Pluto Posted September 14, 2007 Author Share Posted September 14, 2007 another weekend, another "black Monday" thread. How about this, FTSE recovers 60-70 points following the DJ up, NR doesn't call on the BoE loan, NR shares rebound 10% and we all carry on as usual, some house price data comes out showing house prices haven't declined and it is pulled apart as incorrect data, VI spin, the truth being withheld from us...Oh nearly forgot, the people with the loudest voices on HPC.co.uk continue to right "your" instead of "you are" whilst claiming to understand how everything works better than someone else, although the basics of English have passed them by. Yes of course, and all those people queuing outside NR today were BTL speculators applying for a loan. Quote Link to comment Share on other sites More sharing options...
starsign Posted September 14, 2007 Share Posted September 14, 2007 Yes of course, and all those people queuing outside NR today were BTL speculators applying for a loan. your right of course. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted September 14, 2007 Share Posted September 14, 2007 another weekend, another "black Monday" thread. How about this, FTSE recovers 60-70 points following the DJ up, NR doesn't call on the BoE loan, NR shares rebound 10% and we all carry on as usual, some house price data comes out showing house prices haven't declined and it is pulled apart as incorrect data, VI spin, the truth being withheld from us... yeah and we'll all just jump into even more loans for even longer while the cost of everything else rises above our falling earnings. yes it all going to just 'right itself' all by its own. Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted September 14, 2007 Share Posted September 14, 2007 Add this to the builders and banks going down the toilet like bad turds and we have a perfect storm brewing. A bit OT, but what is a good turd and how does the way a good turd and a bad turd go down the toilet differ? Quote Link to comment Share on other sites More sharing options...
starsign Posted September 14, 2007 Share Posted September 14, 2007 yeah and we'll all just jump into even more loans for even longer while the cost of everything else rises above our falling earnings.yes it all going to just 'right itself' all by its own. or maybe the media and the markets overreact to things? Quote Link to comment Share on other sites More sharing options...
Disillusioned Posted September 14, 2007 Share Posted September 14, 2007 Aren't there also a whole load of inter-bank short term loans coming to and end next week? Quote Link to comment Share on other sites More sharing options...
OurDayWillCome Posted September 14, 2007 Share Posted September 14, 2007 or maybe the media and the markets overreact to things? Or maybe you underestimate everything? Quote Link to comment Share on other sites More sharing options...
Gurgle Posted September 14, 2007 Share Posted September 14, 2007 Aren't there also a whole load of inter-bank short term loans coming to and end next week? If you think about it you'll probably realise that is no different to any other week. These loans are take as and when required (i.e every day) so it stands to reason that there will be inter-bank loans expiring every day. I think someone's making that up to try and raise expectations on the site TBH. Quote Link to comment Share on other sites More sharing options...
Guest d23 Posted September 14, 2007 Share Posted September 14, 2007 Or maybe you underestimate everything? far be it from anyone here to ever overestimate the impact of anything as if! Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted September 14, 2007 Share Posted September 14, 2007 If you think about it you'll probably realise that is no different to any other week. These loans are take as and when required (i.e every day) so it stands to reason that there will be inter-bank loans expiring every day.I think someone's making that up to try and raise expectations on the site TBH. I think the current problem is that a lot of IOUs that are coming up for renewal are backed by very dodgy US subprime mortgages. I don't pretend to understand the full ins and outs of the process, but the credit rating rating of this commercial paper has plummeted. No-one seems to know who has been left "holding the baby", so banks are very reluctant to lend cash to each other at the moment. This is causing banks like NR big problems - they are well known to be very aggressive in their lending, so are very suspect now. This could all blow over as the bad debt comes to light, or it could snowball into something significant (which it frankly isn't yet, IMHO) So I would agree that this site is seriously over blowing the issue - but goodness sake, we have waited a long time for something to overblow!! However, there is a very real underlying problem, the full extent of which will only become apparent in time. IMHO. DYOR. Quote Link to comment Share on other sites More sharing options...
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