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Ftse Down 2.3% At Open

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The FTSE is down 125 points at this moment. Concerns about the banks being unable to raise cash anymore, even thought they need it. Housebuilders tanking. Bloomberg said there was no stocks in Europe rising. FTSE, has 100 decliners. Usually a few stocks go up when the market goes down. Not today.

Why would anyone be in the market? It is not surprise to me these reports about the banking solvency issues, or many on here. So who would be in the market long, with that risk hanging over you, doesnt make since to me.

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The FTSE is down 125 points at this moment. Concerns about the banks being unable to raise cash anymore, even thought they need it. Housebuilders tanking. Bloomberg said there was no stocks in Europe rising. FTSE, has 100 decliners. Usually a few stocks go up when the market goes down. Not today.

Why would anyone be in the market? It is not surprise to me these reports about the banking solvency issues, or many on here. So who would be in the market long, with that risk hanging over you, doesnt make since to me.

BRADFORD & BINGLEY (LSE:BB.L)

Last Trade: 40.01 p

Trade Time: 8:06AM

Change: 1.99 (4.74%)

Prev Close: 42.00

Open: 40.25

Bid: 40.00

Ask: 40.50

1y Target Est: 79.06p

Edited by Realistbear

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And who would argue with this piece from Bloomberg.

I'm heading straight back to the bunker

U.K.'s FTSE 100 Index Falls, Extends Drop From 2007 High to 20%

By Sarah Thompson

July 8 (Bloomberg) -- The U.K.'s FTSE 100 Index extended its decline from last year's high to 20 percent, the common definition of a bear market, after credit losses and the worst housing slump in 30 years dimmed the earnings outlook for banks and retailers.

The measure of companies from Barclays Plc to Marks & Spencer Group Plc slid 2.3 percent to 5,384.90 as of 8:03 a.m. in London, bringing its retreat since June 15, 2007, to 20.02 percent. The U.K. benchmark on July 3 also briefly extended its slump from its 2007 high to more than 20 percent before rebounding.

Barclays, Britain's fourth-biggest bank, tumbled to the lowest since 1998 this year as the collapse of the U.S. subprime mortgage market spurred lenders to sell shares to replenish capital. Marks & Spencer, the U.K.'s largest clothing retailer, slid 62 percent as sales dropped the most since 2005 and record oil prices pushed consumer confidence down to a level last seen during the London riots 18 years ago.

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As luck would have it i called the bottom of the FTSE back in about 2003 when it hit 3500 !

if only i had taken my own advise and piled in for a few years.

Few can predict the crash and few predicted the housing boom would last so long or that comodities would shoot up but i can predict what will happen if the $USD goes into meltdown and my advise is to stack up on food just in case the bust is bigger than you all think.

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As luck would have it i called the bottom of the FTSE back in about 2003 when it hit 3500 !

if only i had taken my own advise and piled in for a few years.

Few can predict the crash and few predicted the housing boom would last so long or that comodities would shoot up but i can predict what will happen if the $USD goes into meltdown and my advise is to stack up on food just in case the bust is bigger than you all think.

Exactly. There are so many things going on....

Unemployment collapsing in Ireland, as well as houses...

and lots of other EU countries,

German production collapsed last month,

house prices sinking all over the world

Banks finding it difficult to raise capital

S+P earnings over estimated

Level 3 assets growing still being held of balance sheets

The derivative time bomb with the biggest bond insurers insolvent de facto

Freddie, Fannie Mae, Ambac, MBIA insolvent...

Oil prices

Food prices rising

The Yen carry trade to unwind

The US running huge deficits to fund the war

USD dollar currency collapse coming...

Savings rate is zero

Paper asset economies in the west, no capital formation

anbd the list goes on.

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Call yourself bears? Moneyweek know how to do it.

http://www.moneyweek.com/file/50065/how-lo...can-you-do.html

Moneyweek now expecting FTSE100 at 3000. :o

I bow to the Moneyweek bear master, we are not worthy. Maybe the mods should add a new Moneyweek option to the bull/neither/bear user categories.

VMR.

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Exactly. There are so many things going on....

Unemployment collapsing in Ireland, as well as houses...

and lots of other EU countries,

German production collapsed last month,

house prices sinking all over the world

Banks finding it difficult to raise capital

S+P earnings over estimated

Level 3 assets growing still being held of balance sheets

The derivative time bomb with the biggest bond insurers insolvent de facto

Freddie, Fannie Mae, Ambac, MBIA insolvent...

Oil prices

Food prices rising

The Yen carry trade to unwind

The US running huge deficits to fund the war

USD dollar currency collapse coming...

Savings rate is zero

Paper asset economies in the west, no capital formation

anbd the list goes on.

Sterling is up vs. both the Euro and $. The last bastion?

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BRADFORD & BINGLEY (LSE:BB.L)

Last Trade: 33.12 p

Trade Time: 8:59AM

Change: 8.88 (21.14%)

Prev Close: 42.00

Open: 40.25

... and this lil' "gem" just keeps looking poopier and poopier.

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BRADFORD & BINGLEY (LSE:BB.L)

Last Trade: 33.12 p

Trade Time: 8:59AM

Change: 8.88 (21.14%)

Prev Close: 42.00

Open: 40.25

... and this lil' "gem" just keeps looking poopier and poopier.

Holy feck.

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Sterling is up vs. both the Euro and $. The last bastion?

Or maybe someone(s) knows where the MPC are heading this week..... ;)

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I've been drip feeding money into the market on a monthly basis - this plan worked nicely during the 01-03 bear market.

Guess I'd better escalate my B&B cash extraction plan...

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There is something going up, but I d have to kill you if I told you.

94 User(s) are reading this topic (62 Guests and 0 Anonymous Users)

Bring lots of ammo... or buy a VERY big microwave.

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Sterling is up vs. both the Euro and $. The last bastion?

Sterling has been holding up well of late. Since BOE/Mervyn King sent out a signal of holding rates rather than cutting, this has helped to prop sterling up,especially against the currencies with a favourable interest rate differential, namely the Swiss and the YEN. I think Sterling/Euro £/$ will be more in a range for a while.

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Bowels are getting loose in No. 10 this morning.

Wait..................Merv is now on the phone - "Rate Rise On The Cards For Thursday, Gordon. I'm Calling The Shots Now You Useless Wan*er."

A 0.25% rise is coming, B&B are going.

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European stocks down 1.5%-2.5% across the board. Ireland's ISEQ is off 5.36% (due to banks).

Asia much the same except for a small rise in China.

The situation now has much of the feel of January, except this time the Fed has little or no room to make an emergency cut, or make any other gesture to calm markets.

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  • 401 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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