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Ftse "teeters On The Edge Of A Bear Market"


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I remember several years ago, around 2002 that the FTSE was at 3500, looking at todays number that doesn't seem that far off now.

How low can she go before a new bull market?

I'd say 3000, what do you think?

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The FTSE100 hit it's all time high on the last trading day of 1999. The index hit 6930. So, given it's not at 5389 that's a 22% drop. I'd call that a bear market. If you also factor in the massive inflation since the beginning of this decade, it's a massacre.

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Moneyweek said every time the US goes into recession our stock market falls at least 30% from its latest high;

6700

so at least 4700, I' m goner stick my neck out and go for 4468 ;)

Sold all my shares at 6700. Even advised my brother in law who works for the WOrld Bank to sell his. He did and still to this day thinks I have major insided information - I told him it was from near-obsessive reading of HPC.co.ck and that it made world economics clear but he doesn't believe me.

BTW it wasn't more than about £3000 worth of shares but I still feel a glow..

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The FTSE100 hit it's all time high on the last trading day of 1999. The index hit 6930. So, given it's not at 5389 that's a 22% drop. I'd call that a bear market. If you also factor in the massive inflation since the beginning of this decade, it's a massacre.

I'm not seeing this. I see the FTSE reaching its peak on 15th June last year at 3851. It is now 3226. I assume you are looking at the FTSE total return index?

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