hpc-craig Posted January 21, 2008 Share Posted January 21, 2008 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. Hmm. I was thinking of getting my money back out of my Stocks and Shares ISA. It's with the Halifax and has been for 18 months. Looking back this was probably a bad investment anyway (to use the Halifax), but i was young and had a lot on incomings and very little outgoings and liked the supposed security and returns the Halifax were offering. If there is more of this to come, i'd prefer my money back (about £6,500 worth down about £100 on my initial investment), but of course no one has a crystal ball. Should I sit tight or get out whilst I can? Quote Link to comment Share on other sites More sharing options...
General Tapioca Posted January 21, 2008 Share Posted January 21, 2008 Mmmmmm... Here comes the FEEL BAD FACTOR GT Quote Link to comment Share on other sites More sharing options...
slurms mackenzie Posted January 21, 2008 Share Posted January 21, 2008 Hmm. I was thinking of getting my money back out of my Stocks and Shares ISA. It's with the Halifax and has been for 18 months. Looking back this was probably a bad investment anyway (to use the Halifax), but i was young and had a lot on incomings and very little outgoings and liked the supposed security and returns the Halifax were offering.If there is more of this to come, i'd prefer my money back (about £6,500 worth down about £100 on my initial investment), but of course no one has a crystal ball. Should I sit tight or get out whilst I can? It all depends on what your timeframe is, your attitude to risk and where you think the markets will go. Personally i can see em dipping a little bit more, but because its so hard to time the markets i bought in now because for me the price was right* * Disclaimer - I'm absolutely shite at investing (no seriously ) Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted January 21, 2008 Share Posted January 21, 2008 20/10/87 down 12.2%19/10/87 down 10.8% 26/10/87 down 6.2% 11/09/01 down 5.7% 22/10/87 down 5.7% What was the DOW down during those two dates ? Quote Link to comment Share on other sites More sharing options...
Cogs Posted January 21, 2008 Share Posted January 21, 2008 (edited) A monoline is one of these : http://en.wikipedia.org/wiki/Monoline_insuranceI'd love to know why it is named such. According to Peston, its because its their sole business. Edited January 21, 2008 by Cogs Quote Link to comment Share on other sites More sharing options...
coolerking Posted January 21, 2008 Share Posted January 21, 2008 Don't forget...Radio 4 Tuesday morning 'The City - Is the party over' repeated 9.30 pm on radio 4. BBC got their schedule spot on there then Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 21, 2008 Author Share Posted January 21, 2008 C4 News went into the monoline I think - this is that some AAA-rated insurers in the USA would guarantee any money lent to an American local council. Apparently some such monoline insurers have been downgraded from AAA or something like that. I didn't realise local govt in the US had to have their borrowings guaranteed by a private firm! Anyway, this has wider meaning for the US economy and chances of recession or worse, apparently. This therefore is a factor in why things are bumpy and the Dow futures have been down quite a bit. How will it all pan out? Well, pan may be the word. Quote Link to comment Share on other sites More sharing options...
trompe le monde Posted January 21, 2008 Share Posted January 21, 2008 According to Peston, its because its their sole business. not a bad article: http://www.bbc.co.uk/blogs/thereporters/ro...ine_titani.html TLM Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted January 21, 2008 Share Posted January 21, 2008 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? I have to agree with Charlie. Despite the recent eye watering falls in Stock Market valuations I do not think we are anywhere near full capitulation. For a start the Central Banks still have some room to cut interest rates which will probably engender some pretty powerful Bear Market rallies over the next 12 months. It is only when the penny drops amongst traders that monetary easing will not rescue the economy that we will see the markets finally collapse. We are close but we are not there yet. Quote Link to comment Share on other sites More sharing options...
redgenieuk 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. Welcome Craig.... nice to see you finally bit the bullet and have come to play!! Just out of interest..... what took you so long??? Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 22, 2008 Author Share Posted January 22, 2008 BBC just said FTSE100 has dropped 13% since start of this year. Yet a housebuilder is today's strongest gainer, they said. Bizarre. Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 22, 2008 Author Share Posted January 22, 2008 Down 172 points according to BBC website Unusually, advfn.com is not indicating the DJIA as moving, probably a glitch. Assuming the media soothes the DJ market overnight, they're now talking about fears (real or otherwise) of "another shoe to drop". Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted January 22, 2008 Share Posted January 22, 2008 Now back to May 2006, shows how fast the FTSE 100 has fallen wiping out >2 Years growth with inflation. Just like betting they have to earn the same growth for 2 years to get back to zero. Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 22, 2008 Author Share Posted January 22, 2008 BBC News 24 failed to mention that DJIA down 170-200 points - instead they focussed on the London FTSE being up on the day. By contrast, Sky News have the Dow ticker in-vision and a scrolling message that the Dow is down. They also mentioned it when speaking to their correspondent. (Although he let the side down by saying "Slightly down on the day" - like 200 points is slightly down!) The subliminal or attempted message is "Don't panic!" - I wonder why they'd say that when they have a duty to surely only report it neutrally. Quote Link to comment Share on other sites More sharing options...
F0ul Thought Posted January 22, 2008 Share Posted January 22, 2008 After all that panicing, the figures currently show that the FTSE has only dropped by less than 10% over 12 months - which isn't bad considering the current morale. Day to day figures are a bit of a sham though - you need to look at the overall story. As for percentage, the great crash of 29 took three years to lose 89% of its value - that isn't going to happen this time, so at least that is something to be happy about! Quote Link to comment Share on other sites More sharing options...
F0ul Thought Posted January 22, 2008 Share Posted January 22, 2008 BBC News 24 failed to mention that DJIA down 170-200 points - instead they focussed on the London FTSE being up on the day.By contrast, Sky News have the Dow ticker in-vision and a scrolling message that the Dow is down. They also mentioned it when speaking to their correspondent. (Although he let the side down by saying "Slightly down on the day" - like 200 points is slightly down!) The subliminal or attempted message is "Don't panic!" - I wonder why they'd say that when they have a duty to surely only report it neutrally. Don't you think maybe the reason the Dow is down is because it is catching up with business? It was closed yesterday, so it needs time to catch up. You are also looking at a different rate of figures. 200 points is only 1.5%, which is a reasonable number after a day off! Quote Link to comment Share on other sites More sharing options...
mightytharg Posted January 22, 2008 Share Posted January 22, 2008 (edited) Just to get the thread back on topic. Do you think it's like last time, when the stock market sell-off enabled billions to be poured into housing? This would explain Rightmove's report showing huge price increases in London last month Edited January 22, 2008 by mightytharg Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted January 23, 2008 Share Posted January 23, 2008 (edited) It canna take much more captain Open 5,740.10 Change: Down 115.60 (2.01%) 5,624.50 Edited January 23, 2008 by maxwell Quote Link to comment Share on other sites More sharing options...
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