war Posted September 18, 2007 Share Posted September 18, 2007 Yesterday every one was panicking. The slippery Brown and Darling promise to payback all deposits and now every one is in good mood. A&L shares increase by 27% and Northern Rock by 7%. Suddenly news comes up saying inflation is falling further to 1.8%. http://uk.news.yahoo.com/rtrs/20070918/tuk...-fa6b408_1.html Sudden change of sentiment to bullishness! Possibility of IR cut? So the credit crunch is cancelled! You can go back to buying houses and BTL! What an idiotic society! :angry: Quote Link to comment Share on other sites More sharing options...
HOwner Posted September 18, 2007 Share Posted September 18, 2007 (edited) Yesterday every one was panicking. The slippery Brown and Darling promise to payback all deposits and now every one is in good mood. A&L shares increase by 27% and Northern Rock by 7%. Suddenly news comes up saying inflation is falling further to 1.8%. http://uk.news.yahoo.com/rtrs/20070918/tuk...-fa6b408_1.html Sudden change of sentiment to bullishness! Possibility of IR cut? So the credit crunch is cancelled! You can go back to buying houses and BTL! What an idiotic society! :angry: I think it was early days for the armageddon-fueled muppets, bears, to start celebrating the 50%+ falls, and early days to say all is now rosy. I think you need to wait a little while... Edited September 18, 2007 by HOwner Quote Link to comment Share on other sites More sharing options...
othello Posted September 18, 2007 Share Posted September 18, 2007 Yesterday every one was panicking. The slippery Brown and Darling promise to payback all deposits and now every one is in good mood. A&L shares increase by 27% and Northern Rock by 7%.Suddenly news comes up saying inflation is falling further to 1.8%. http://uk.news.yahoo.com/rtrs/20070918/tuk...-fa6b408_1.html Sudden change of sentiment to bullishness! Possibility of IR cut? So the credit crunch is cancelled! You can go back to buying houses and BTL! What an idiotic society! :angry: There will be no cut in IRs in the forseeable. Unless the whole banking system is on verge of failure. The long term pressure on inflation is too great. We are heading for several years of higher IRs - not just base rate but due to credit crunch. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted September 18, 2007 Share Posted September 18, 2007 Calm down! We've seen a run on a bank. Unprecedented, yes, but no-one knows how it will turn out, yet. Quote Link to comment Share on other sites More sharing options...
stew Posted September 18, 2007 Share Posted September 18, 2007 On the contrary, I think the public has had a wake up call. They will pay more attentiuon to the financial news from now on. Never ever underestimate public fear when it comes to a potential loss of money/slumping house prices. Quote Link to comment Share on other sites More sharing options...
Wait & See Posted September 18, 2007 Share Posted September 18, 2007 Just heard a whisper that A&L are not looking as rosy as the market makes out. Quote Link to comment Share on other sites More sharing options...
Jason Posted September 18, 2007 Share Posted September 18, 2007 This inflation rate has resulted in "the government is lying" cries. Why are things getting more expensive if inflation is so low? lol. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted September 18, 2007 Share Posted September 18, 2007 This inflation rate has resulted in "the government is lying" cries. Why are things getting more expensive if inflation is so low? lol. Cries from who? Do you mean on here or MSM. I think we should be told. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted September 18, 2007 Share Posted September 18, 2007 Just heard a whisper that A&L are not looking as rosy as the market makes out. Is this a real whisper, or an "I want to start a run because I have just shorted A&L and am going to go long just before it gets denied" kind of stage whisper? Quote Link to comment Share on other sites More sharing options...
Fudge Posted September 18, 2007 Share Posted September 18, 2007 Just heard a whisper that A&L are not looking as rosy as the market makes out. Just as long as it holds up until I get my money transfered. Quote Link to comment Share on other sites More sharing options...
Jason Posted September 18, 2007 Share Posted September 18, 2007 Cries from who?Do you mean on here or MSM. I think we should be told. Sorry, I mean from the BBC lunchtime readers in my office. I promtly directed them to creditaction stats... Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted September 18, 2007 Share Posted September 18, 2007 I think it was early days for the armageddon-fueled muppets, bears, to start celebrating the 50%+ falls, and early days to say all is now rosy. I think you need to wait a little while... Indeed - exciting pant wetting on the NR news was very premature, but to suggest the banking problem is now over is equally ridiculous. NR dropped by about £9 as the problems became apparent. It has recovered by 17p today. Quote Link to comment Share on other sites More sharing options...
LittleBro Posted September 18, 2007 Share Posted September 18, 2007 This inflation rate has resulted in "the government is lying" cries. Why are things getting more expensive if inflation is so low? lol. This is something I dont understand. People keep saying things are not getting that much more expensive, but thats not how I feel. And its ordinary things too. The Sunday Times - £2 now. A bus trip, used to be 70p not long ago....£1.50 today. Lots of every day things seem to be getting expensive off the back of a seemingly well off economy. Quote Link to comment Share on other sites More sharing options...
Wait & See Posted September 18, 2007 Share Posted September 18, 2007 (edited) Is this a real whisper, or an "I want to start a run because I have just shorted A&L and am going to go long just before it gets denied" kind of stage whisper? The well is running dry. Edited September 18, 2007 by Wait & See Quote Link to comment Share on other sites More sharing options...
christhpc Posted September 18, 2007 Share Posted September 18, 2007 Indeed - exciting pant wetting on the NR news was very premature, but to suggest the banking problem is now over is equally ridiculous.NR dropped by about £9 as the problems became apparent. It has recovered by 17p today. Quite. Everyone think: you need a 100% rise to counteract a 50% drop. The problems are far from over for these mortgage lenders. Also, much of A&L's share increase today is due to the board taking advantage of the low price to stage share buy-backs. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted September 18, 2007 Share Posted September 18, 2007 I think it was early days for the armageddon-fueled muppets, bears, to start celebrating the 50%+ falls, and early days to say all is now rosy. I think you need to wait a little while... Now you see, this is the side of the argument that the Bulls put across that I simply cannot grasp! Why shouldn't I celebrate 50% falls when that puts the value of a humble 1 bedroomed flat here in London close to 3x my (rather larger than average) salary, when this benchmark for income/housing expenditure has been an acceptable ratio for the generations of my forefathers and their forefathers? Am I asking too much, is that it HOwner? Do tell. Quote Link to comment Share on other sites More sharing options...
OverInflated Posted September 18, 2007 Share Posted September 18, 2007 Quite. Everyone think: you need a 100% rise to counteract a 50% drop. The problems are far from over for these mortgage lenders. I tried to explain this to some who went long at £5 they have a long long way to go to make any money back. Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted September 18, 2007 Share Posted September 18, 2007 This is something I dont understand. People keep saying things are not getting that much more expensive, but thats not how I feel. And its ordinary things too. The Sunday Times - £2 now. A bus trip, used to be 70p not long ago....£1.50 today. Lots of every day things seem to be getting expensive off the back of a seemingly well off economy. Clearly you must be imagining things - inflation is only 1.8%. That's guaranteed by the government and they would never tell fibs. Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted September 18, 2007 Share Posted September 18, 2007 Why shouldn't I celebrate 50% falls ..... Because they haven't happened. Celebrate away if it does happen - I certainly will be. Quote Link to comment Share on other sites More sharing options...
sunonmars Posted September 18, 2007 Share Posted September 18, 2007 Clearly you must be imagining things - inflation is only 1.8%. That's guaranteed by the government and they would never tell fibs. Jesus if inflation is 1.8% then I'm obviously deaf dumb and blind when walking down any high street for a shop. Quote Link to comment Share on other sites More sharing options...
Guest AuntJess Posted September 18, 2007 Share Posted September 18, 2007 On the contrary, I think the public has had a wake up call. They will pay more attentiuon to the financial news from now on. Never ever underestimate public fear when it comes to a potential loss of money/slumping house prices. Yes. and never underestimate a public that is seeing their shopping bills mount ever higher. Food is really taking off now and petrol..... Them wot do the shopping notice these things. Quote Link to comment Share on other sites More sharing options...
HOwner Posted September 18, 2007 Share Posted September 18, 2007 Now you see, this is the side of the argument that the Bulls put across that I simply cannot grasp!Why shouldn't I celebrate 50% falls when that puts the value of a humble 1 bedroomed flat here in London close to 3x my (rather larger than average) salary, when this benchmark for income/housing expenditure has been an acceptable ratio for the generations of my forefathers and their forefathers? Am I asking too much, is that it HOwner? Do tell. Exactly as wrongmove says. Because it hasn't happened. If a 50% drop happens, feel free to celebrate as much as you like, you won't be alone. However, personally, I have a feeling that there will be quite a few people, who in six months time, will look back at some of their triumphant posts of the past few days which a mixture of shame and disappointment (but mainly shame). Of course others, are so used to doing that that it will be business as normal. Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted September 18, 2007 Share Posted September 18, 2007 The well is running dry. Last Trade: 765.00 p Trade Time: 1:54PM Change: 165.00 (27.50%) Prev Close: 600.00 Open: 720.00 Bid: 764.00 Ask: 765.50 1y Target Est: 985.11p Well the whisper it very quiet indeed. The markets can't hear you. Could you ask whoever is whispering to talk at normal volume and we might get somewhere. If they have not enough balls to talk up, then they may be as well keeping quiet for all the good it will do. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted September 18, 2007 Share Posted September 18, 2007 Exactly as wrongmove says. Because it hasn't happened. If a 50% drop happens, feel free to celebrate as much as you like, you won't be alone. However, personally, I have a feeling that there will be quite a few people, who in six months time, will look back at some of their triumphant posts of the past few days which a mixture of shame and disappointment (but mainly shame). Of course others, are so used to doing that that it will be business as normal. You miss the point, as does Wrongmove. The whole VI mantra has been on HPI, so why not as a HPC'er, can I not rejoice and protest that house prices will fall 50% by 2012? Why is this not any different? Fortunately for me, I am in a realtively safe position (Assured Tenancy - not Shorthold), and I really appreciate how lucky I am. I'm championing for HPC or a change in the tenancy laws for all those poor hardworking b@stards that are not in the same fortunate position that I am. Either house prices halve or the UK tenancy laws get rid of AST! The status quo is not doing any good for either. Quote Link to comment Share on other sites More sharing options...
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