0q0 Posted January 21, 2008 Share Posted January 21, 2008 (edited) Pretty steep drop, on the back of drops in recent months. If lots of media folk hadn't BTLed I think they'd have made more of this in the media today & tomorrow! But they don't want to worry anyone in case it stops the January bounce they're trying to induce. Or am I being unfair to them? We'll see what coverage it gets tonight & tomorrow. Edited January 22, 2008 by The Last Bear Quote Link to comment Share on other sites More sharing options...
US Citizen Posted January 21, 2008 Share Posted January 21, 2008 Pretty steep drop, on the back of drops in recent months.If lots of media folk hadn't BTLed I think they'd have made more of this in the media today & tomorrow! But they don't want to worry anyone in case it stops the January bounce they're trying to induce. Or am I being unfair to them? We'll see what coverage it gets tonight & tomorrow. Sounds about right to me. Bury the bad news, talk about the floods in the North instead. Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted January 21, 2008 Share Posted January 21, 2008 They're scared of being accused of talking down the market. If they make a big song and dance about it, investors with minor share portfolios who don't keep tabs on their investments may all rush for the exit tomorrow. Quote Link to comment Share on other sites More sharing options...
US Citizen Posted January 21, 2008 Share Posted January 21, 2008 They're scared of being accused of talking down the market. If they make a big song and dance about it, investors with minor share portfolios who don't keep tabs on their investments may all rush for the exit tomorrow. I think they will anyway. Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 21, 2008 Author Share Posted January 21, 2008 Sounds about right to me. Bury the bad news, talk about the floods in the North instead. They're scared of being accused of talking down the market. If they make a big song and dance about it, investors with minor share portfolios who don't keep tabs on their investments may all rush for the exit tomorrow. Yep, very good points & replies, that sounds pretty much it. Quote Link to comment Share on other sites More sharing options...
Smash It Up Posted January 21, 2008 Share Posted January 21, 2008 I'm just wondering whether I should risk throwing some of my meagre savings into an index tracking ISA this week, or whether I should hang back and wait for more falls. Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted January 21, 2008 Share Posted January 21, 2008 They're scared of being accused of talking down the market. If they make a big song and dance about it, investors with minor share portfolios who don't keep tabs on their investments may all rush for the exit tomorrow. Exactly, how the tiddlers can do a lot of damage as happened in 1987. I knew guys who boasted that they only lost a few grand then, if they had held on they would have lost nothing as the SM soon recovered. Quote Link to comment Share on other sites More sharing options...
The Ayatollah Buggeri Posted January 21, 2008 Share Posted January 21, 2008 Without having the figures (or the time to find them), my gut feeling is that it may be at least in the vicinity of the highest drop in terms of number of points, but probably not in percentage terms. Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 21, 2008 Author Share Posted January 21, 2008 I have to eat my words, top story on BBC 6PM News. Obviously they saw my post and said "Geezus, move it up to the top, Last Bear's on to us!!" Quote Link to comment Share on other sites More sharing options...
hpc-craig Posted January 21, 2008 Share Posted January 21, 2008 Wahey - it's my first Post!!!! (I'm a long time lurker, been following these boards for about 14 months. This news is headlining the BBC six o'clock news! Unbeleivable. I honestly thought they would bury it deep. Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted January 21, 2008 Share Posted January 21, 2008 On BBC Breakfast News this morning, Declan failed to show the FTSE chart (which he always shows) after his piece on Northern Rock. I thought at the time that he was reluctant to panic the small investors before they left for work, the first many will know of the falls will be when they watch the evening news. Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 21, 2008 Author Share Posted January 21, 2008 Wahey - it's my first Post!!!! (I'm a long time lurker, been following these boards for about 14 months.This news is headlining the BBC six o'clock news! Unbeleivable. I honestly thought they would bury it deep. Welcome to HPC, the BBC said "no real reason for the falls"...just some mutterings about "fears of recession in USA...fears of credit problem etc spreading to wider economy". Erm, they are reasons. What does it take, a big sign up in lights in Piccadilly Circus? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 21, 2008 Share Posted January 21, 2008 Exactly, how the tiddlers can do a lot of damage as happened in 1987.I knew guys who boasted that they only lost a few grand then, if they had held on they would have lost nothing as the SM soon recovered. Interesting few days. Tomorrow will be more of a panic IMPO. However, Charlie (Oooooooooh, what do you have for us today Charlie? <Can I be Lucy Lu?>) is right and there could be equally a big upwards swing in the coming weeks. There are probably plenty of people waiting to buy in already. Isn't Anthony Bolton of Fidelity buying? Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 21, 2008 Author Share Posted January 21, 2008 On BBC Breakfast News this morning, Declan failed to show the FTSE chart (which he always shows) after his piece on Northern Rock. I thought at the time that he was reluctant to panic the small investors before they left for work, the first many will know of the falls will be when they watch the evening news. Yeah it was a, cough ahem, technical oversight Quote Link to comment Share on other sites More sharing options...
subsidiser Posted January 21, 2008 Share Posted January 21, 2008 Without having the figures (or the time to find them), my gut feeling is that it may be at least in the vicinity of the highest drop in terms of number of points, but probably not in percentage terms. BBC web site says... World stock indexes, including the UK's FTSE 100, post their biggest falls since 11 September, 2001. Quote Link to comment Share on other sites More sharing options...
tahoma Posted January 21, 2008 Share Posted January 21, 2008 (edited) Without having the figures (or the time to find them), my gut feeling is that it may be at least in the vicinity of the highest drop in terms of number of points, but probably not in percentage terms. Correct - 5.48% means it ranks 6th in percentage terms. Edited January 21, 2008 by tahoma Quote Link to comment Share on other sites More sharing options...
Shamus Posted January 21, 2008 Share Posted January 21, 2008 Rober Peston was syaing on the BBC News at 6pm that things are pretty bad looking forward and also mentioned monolines - which is the first time I have heard it on mainstream news. Quote Link to comment Share on other sites More sharing options...
time 2 raise interest rates Posted January 21, 2008 Share Posted January 21, 2008 Futures markets saying the DOW may open 400 points down, oh dear. Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted January 21, 2008 Share Posted January 21, 2008 Rober Peston was syaing on the BBC News at 6pm that things are pretty bad looking forward and also mentioned monolines - which is the first time I have heard it on mainstream news. What's a monoline? Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted January 21, 2008 Share Posted January 21, 2008 due to Northern Rock ? Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 21, 2008 Author Share Posted January 21, 2008 (edited) Channel 4 News top story - analyst somewhere said "possible US depression". Shame that was not on BBC1 or ITV, but C4 has an intellectuall viewership I hope (despite being the channel to commission the puerile Big Brother). Edited January 21, 2008 by The Last Bear Quote Link to comment Share on other sites More sharing options...
Nelly Posted January 21, 2008 Share Posted January 21, 2008 What's a monoline? House prices only go up.....House prices only go up.....House prices only go up.....House prices only go up.....House prices only go up.....House prices only go up.....House prices only go up.....House prices only go up..... Quote Link to comment Share on other sites More sharing options...
slurms mackenzie Posted January 21, 2008 Share Posted January 21, 2008 I'm just wondering whether I should risk throwing some of my meagre savings into an index tracking ISA this week, or whether I should hang back and wait for more falls. Well i dropped a grand into glaxo this lunchtime, but i don't expect gains for at least a year or two. I'll probably drop another grand in in a months time and so on .... but i'm young so i can be forgiven for being foolish and have many years to get the gains back. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted January 21, 2008 Share Posted January 21, 2008 UK borrowing is worst in 10 years http://news.bbc.co.uk/1/hi/business/7200775.stm Quote Link to comment Share on other sites More sharing options...
A.steve Posted January 21, 2008 Share Posted January 21, 2008 What's a monoline? A monoline is one of these : http://en.wikipedia.org/wiki/Monoline_insurance I'd love to know why it is named such. Quote Link to comment Share on other sites More sharing options...
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