pootle Posted September 16, 2008 Share Posted September 16, 2008 That's not a typo then? You wouldn't have been the first to lose control. Is bun a euphemism for something? Quote Link to comment Share on other sites More sharing options...
sdc395 Posted September 16, 2008 Share Posted September 16, 2008 Above 5000 and rising now... Quote Link to comment Share on other sites More sharing options...
Yonmon Posted September 16, 2008 Share Posted September 16, 2008 Above 5000 and rising now... Not any longer Mwuhahaha! Quote Link to comment Share on other sites More sharing options...
didntbuytolet Posted September 16, 2008 Share Posted September 16, 2008 Quote Link to comment Share on other sites More sharing options...
abharrisson Posted September 16, 2008 Share Posted September 16, 2008 I suppose if you imagine the market has positioned itself somewhere in the middle pending news on AIG then it could slump on bad news by another 200 points on bad news down to say 4800/4700 or if it was an AIG bailout then we could see it ending somewhere above 5000. The strange thing is that each time the market picks off a weakling it moves onto the next and I suspect will keep doing so, the power of the short sellers is too great for these stocks not to simply collapse ... its like shooting fish in a barrel. I really do believe if HBOS goes it will be the shortsellers who have done for them... sure they were in for a rough ride but I really believe would have survived without this........ .............. back to house prices if HBOS is culled then it'll be shock news for house prices simply becasue they make up such a large part of the lending...... the market simply doesn't have the capacity operationally to soak up the loss of a halifax..... think of who would go Halifax, BM solutions, Bank of scotland, Mortgage works, guy in large glasses..... I am still staggered it dropped 30%(closing at -17% ) yesterday and another 30% today and that its still only a footnote when faced with the wider malaise in the states. Looks like plans to buy that yacht will have to be put on hold Quote Link to comment Share on other sites More sharing options...
A.steve Posted September 16, 2008 Share Posted September 16, 2008 I really do believe if HBOS goes it will be the shortsellers who have done for them... sure they were in for a rough ride but I really believe would have survived without this........ I'm not at all convinced that the causal link is that way around. I understand that short sellers can decimate a share price without good cause - this is a given for the stock market... short-sellers of stocks, on the other hand can't influence write-downs; CDS spreads or counter-party defaults. HBOS has access to emergency funding - as a bank - and, hence, if other banks are irrationally spooked by the share price - their services can be bypassed. If HBOS were to go on to produce good earnings with low defaults on its portfolio, I'm certain that the short-sellers would loose their shirts over time. Ethically, I prefer the idea of promoting competition to undermining existing business as a speculator... but... if short selling is legal, I'd argue that it is HBOS who created their own mire. Quote Link to comment Share on other sites More sharing options...
Lepista Posted September 16, 2008 Share Posted September 16, 2008 I'm not at all convinced that the causal link is that way around.I understand that short sellers can decimate a share price without good cause - this is a given for the stock market... short-sellers of stocks, on the other hand can't influence write-downs; CDS spreads or counter-party defaults. HBOS has access to emergency funding - as a bank - and, hence, if other banks are irrationally spooked by the share price - their services can be bypassed. If HBOS were to go on to produce good earnings with low defaults on its portfolio, I'm certain that the short-sellers would loose their shirts over time. Ethically, I prefer the idea of promoting competition to undermining existing business as a speculator... but... if short selling is legal, I'd argue that it is HBOS who created their own mire. www.loseloose.com A field day today A bit too much excitement for some, perhaps? Quote Link to comment Share on other sites More sharing options...
A.steve Posted September 16, 2008 Share Posted September 16, 2008 www.loseloose.comA field day today A bit too much excitement for some, perhaps? ****. I can spell both words correctly when I write with a pen, and when I read something written by someone else... but when I type... Doah!!! Whatever the excitement, it seems to be causing people to buy... only 85 points down... Quote Link to comment Share on other sites More sharing options...
Wait & See Posted September 16, 2008 Share Posted September 16, 2008 Whats happend to Yahoo Finance. It's a sodding conspiracy of silence now. I'm seeing red at the moment. Quote Link to comment Share on other sites More sharing options...
R K Posted September 16, 2008 Share Posted September 16, 2008 FED rate cut tonight. Quote Link to comment Share on other sites More sharing options...
injustice Posted September 16, 2008 Share Posted September 16, 2008 Stuck at 3:01 for FTSE 100 and HBOS. Quote Link to comment Share on other sites More sharing options...
pootle Posted September 16, 2008 Share Posted September 16, 2008 Whats happend to Yahoo Finance. It's a sodding conspiracy of silence now. I'm seeing red at the moment. Try google finance instead; http://finance.google.com/finance?q=INDEXFTSE:.FTSE Quote Link to comment Share on other sites More sharing options...
R K Posted September 16, 2008 Share Posted September 16, 2008 Are we done then? I think we maybe. Panic over. Quote Link to comment Share on other sites More sharing options...
234SALE Posted September 17, 2008 Author Share Posted September 17, 2008 (edited) Well its going to be an interesting week Edited September 17, 2008 by 234SALE Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted September 17, 2008 Share Posted September 17, 2008 What happened to the FTSE today between 9am and 12pm? Its a perfect straight line on this graph http://uk.finance.yahoo.com/q/bc?s=^FTSE&t=1d Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted September 17, 2008 Share Posted September 17, 2008 Moscow is closed. has anyone seen London? I mean, the actual place today? is it still there? Quote Link to comment Share on other sites More sharing options...
@contradevian Posted September 17, 2008 Share Posted September 17, 2008 Below 5000 again 4937.0 Panic on! Quote Link to comment Share on other sites More sharing options...
markinspain Posted September 17, 2008 Share Posted September 17, 2008 (edited) What happened to the FTSE today between 9am and 12pm? Its a perfect straight line on this graphhttp://uk.finance.yahoo.com/q/bc?s=^FTSE&t=1d Nothing. The Yahoo ticker is crap! P.S. 4917 Edited September 17, 2008 by markinspain Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted September 17, 2008 Share Posted September 17, 2008 Nothing. The Yahoo ticker is crap!P.S. 4917 oh yes, so it is http://finance.google.com/finance?q=INDEXFTSE:.FTSE Quote Link to comment Share on other sites More sharing options...
daedalus Posted September 17, 2008 Share Posted September 17, 2008 oh yes, so it ishttp://finance.google.com/finance?q=INDEXFTSE:.FTSE Just touched 4899 Quote Link to comment Share on other sites More sharing options...
markinspain Posted September 17, 2008 Share Posted September 17, 2008 (edited) For those who are interested, FTSE just touched 4900 and DOW down 341 with 4 and half hours left! http://www.igindex.co.uk/ Edited September 17, 2008 by markinspain Quote Link to comment Share on other sites More sharing options...
Yonmon Posted September 17, 2008 Share Posted September 17, 2008 When the levee breaks... Quote Link to comment Share on other sites More sharing options...
US Citizen Posted September 17, 2008 Share Posted September 17, 2008 (edited) At 17:15 the FTSE is at 4,912.40 We normally see a "Dead cat bounce" around now, maybe tomorrow. This week should be known as "Black Monday - Terrible Tuesday - Weakest Wednesday - Try Gordon Try Thursday - Fired Gordon / Falling Friday" Edited September 17, 2008 by debt-free Quote Link to comment Share on other sites More sharing options...
kool4caats Posted September 17, 2008 Share Posted September 17, 2008 At 17:15 the FTSE is at 4,912.40We normally see a "Dead cat bounce" around now, maybe tomorrow. The close below 5000 is very significant, I think. The FTSE definitely seems to have taken more of a hammering than the Dow in the last few days. The Dow is now hitting fresh lows though. Quote Link to comment Share on other sites More sharing options...
US Citizen Posted September 17, 2008 Share Posted September 17, 2008 The close below 5000 is very significant, I think. The FTSE definitely seems to have taken more of a hammering than the Dow in the last few days. The Dow is now hitting fresh lows though. Yes very significant. Quote Link to comment Share on other sites More sharing options...
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