Fancypants Posted June 24, 2008 Share Posted June 24, 2008 My how things have changed, that we no longer see 20 page threads devoted to poor but not devestating days on the stock market. Let's see how this one fares. Link (banks & miners fall? Deflation? ) Quote Link to comment Share on other sites More sharing options...
Fancypants Posted June 24, 2008 Author Share Posted June 24, 2008 After one hour, the answer is: a quite staggering level of indifference. I might as well have said that I liked deely-boppers and odd luminous terylene socks. (mind you, they're back in fashion now aren't they?) Quote Link to comment Share on other sites More sharing options...
AwaitingFairPrices Posted June 24, 2008 Share Posted June 24, 2008 After one hour, the answer is: a quite staggering level of indifference. I might as well have said that I liked deely-boppers and odd luminous terylene socks. (mind you, they're back in fashion now aren't they?) Well, there was a thread earlier already but only 2 pages, so you're right either way http://www.housepricecrash.co.uk/forum/ind...showtopic=80258 Still, opening bell on the DOW shortly so things might get more interesting. AFP Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted June 24, 2008 Share Posted June 24, 2008 Sold the last of my FTSE100 shares in the last rally to 6200-6300 so dont follow it much any more. No plan on feeding money back in until its sub-5000 and there is a chance that future earnings will be good. VMR. (Clueless but sometimes lucky investor) Quote Link to comment Share on other sites More sharing options...
Fancypants Posted June 24, 2008 Author Share Posted June 24, 2008 Well, there was a thread earlier already but only 2 pages, so you're right either way http://www.housepricecrash.co.uk/forum/ind...showtopic=80258 Still, opening bell on the DOW shortly so things might get more interesting. AFP D'oh! Must have overlooked it due to the absence of an outrageously bleak title. Which also kinda backs up the point I was making, in a roundabout way. Quote Link to comment Share on other sites More sharing options...
R K Posted June 24, 2008 Share Posted June 24, 2008 I'll play since you started a thread.... Just look how close the DOW is to it's panic lows. 200 day moving average is less than 100 points away. Major support test coming up soon. Will it hold or will it bounce? Nobody knows, but I'm still going to bet on a temporary sell-off followed by a huuuuuuuge bounce. I have my money ready and my finger on the buy trigger. Quote Link to comment Share on other sites More sharing options...
AvidFan Posted June 24, 2008 Share Posted June 24, 2008 Dow 11770 and FTSE about to break 5600... Quote Link to comment Share on other sites More sharing options...
Injin Posted June 24, 2008 Share Posted June 24, 2008 After one hour, the answer is: a quite staggering level of indifference. I might as well have said that I liked deely-boppers and odd luminous terylene socks. (mind you, they're back in fashion now aren't they?) Sorry mate, it has to be hardcore bear porn or nowt these days. Wars, famine etc might get a two or three page thread, if you can work an angle in that it's all down to the NWO or the saucer people. Quote Link to comment Share on other sites More sharing options...
Moo Posted June 24, 2008 Share Posted June 24, 2008 After one hour, the answer is: a quite staggering level of indifference. To be fair, taken over the day it's got that "gentle slide, no one sector taking a prize rogering" look about it. Quote Link to comment Share on other sites More sharing options...
lufc Posted June 24, 2008 Share Posted June 24, 2008 I'll play since you started a thread.... Just look how close the DOW is to it's panic lows. 200 day moving average is less than 100 points away. Major support test coming up soon. Will it hold or will it bounce? Nobody knows, but I'm still going to bet on a temporary sell-off followed by a huuuuuuuge bounce. I have my money ready and my finger on the buy trigger. Just out of interest, what kind of new policy / peice of financial wizardry will the FED or Wall St have to come up with now to create any upturn. I don't doubt that there could yet be another bounce, but deep down I think that a lot of Uncle Sam's monetary fudgings are now starting to become a little bit too transparent. Quote Link to comment Share on other sites More sharing options...
RajD Posted June 24, 2008 Share Posted June 24, 2008 DOW and FTSE back in the green after big early drops. I fail to see any good news at all that could be moving stocks up - on the contrary there is lots of bear food around at the mo. Can anyone offer an explanation other than the usual PPT offering? Quote Link to comment Share on other sites More sharing options...
R K Posted June 24, 2008 Share Posted June 24, 2008 Just out of interest, what kind of new policy / peice of financial wizardry will the FED or Wall St have to come up with now to create any upturn.I don't doubt that there could yet be another bounce, but deep down I think that a lot of Uncle Sam's monetary fudgings are now starting to become a little bit too transparent. Your guess is as good as mine! I tend to watch the price rather than the news. The news tends to be the media's justification for moves after they have happened. The soundtrack if you like. We know for a fact there was big buying at these levels earlier in the year, so it will act as support until it doesn't. If that makes sense. I'm still expecting a more panicky sell off though - today has been very calm ahead of the FED statement tomorrow. Quote Link to comment Share on other sites More sharing options...
ChumpusRex Posted June 24, 2008 Share Posted June 24, 2008 DOW and FTSE back in the green after big early drops. I fail to see any good news at all that could be moving stocks up - on the contrary there is lots of bear food around at the mo. Can anyone offer an explanation other than the usual PPT offering? Both are dominated by commodities or infrastructure. This is particularly so, as these indicies are periodicially rebalanced. The FTSE was rebalanced yesterday, with turds like Persimmon, Home retail group and Alliance-Leicester purged and replaced by miners and energy companies. You should regard buying the FTSE as buying miners, oils, infrastructure with some banks and retail added for 'diversification'. The FTSE, and the DJIA, are not accurate representations of the broader economy, but are highly distorted by the dramatic inflation seen in these essentials. The same is not true of the FTSE250, which represents a much more balanced portfolio, which in the case of the UK is heavily biased towards finance and banking. I'm slightly short on the FTSE250, but I wouldn't short the FTSE100, it may well have any falls moderated by the sheer power of energy and infrastructure companies. Quote Link to comment Share on other sites More sharing options...
domo Posted June 24, 2008 Share Posted June 24, 2008 After one hour, the answer is: a quite staggering level of indifference. I might as well have said that I liked deely-boppers and odd luminous terylene socks. (mind you, they're back in fashion now aren't they?) I made a thread about the lack of concern a couple of weeks ago. Its not just this forum but the news outlets etc etc. In a bear market when the trend is down rallies are there merely to work of excess pessimism and panic, once the rally has worked off the pessimism the market is free to fall again. IMO the lack of concern is an indication that the market is ready to fall hard. Quote Link to comment Share on other sites More sharing options...
Thread Killer Posted June 24, 2008 Share Posted June 24, 2008 Ooo I've just woken up. I fell asleep in my chair just after 1pm when I started reading this thread. zzzz Quote Link to comment Share on other sites More sharing options...
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