Wednesday, January 23, 2008

Another terrible, terrible day DOWN -219.00 to 5521.1

FTSE 100 @ 1:55PM

I think that people, generally, are beginning to realise we are in a real, real mess!

Posted by hpwatcher @ 01:26 PM (1272 views)
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10 thoughts on “Another terrible, terrible day DOWN -219.00 to 5521.1

  • Sterling down, shares down, property prices down. Doom, doom and more doom.

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  • it_is_going_with_a_bang says:

    Nothing wrong with a sense of reality.

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  • C'mon Correction says:

    Over the last 18 months we’ve seen economic volatility return on a global scale, we had 10 years or so previous with very little. Everyone, especially investors, FTB’s etc should really question things before acting, no longer can you look back over the last year and think well that trend will keep going in that direction and at that rate.

    If someone said – we’ll have inflation at 20% within 2 years or a 15 year deflationary period like Japan has had or house prices will be half the amount in real terms in 10 years from now – I would not be surprised.

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  • “The fundamentals of the British economy remain sound. Inflation remains low and we have had 61 consecutive quarters of economic growth,” Brown’s spokesman added.

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  • I must confess, i was not surprised by the 3/4 rate cut the other day by the fed, as i said that such an incident could happen on HPC last month.. Watching closely yesterday (Bloomberg), the commentator announced that it was rumoured, that there was going to be a coordinated response by the Fed, BoE & ECB, obviously this never materialised. Paulson, looked jittery, and following the announcement, like distempered dog, the market failed to hear the call, follow the signal.

    This HPC readers, is truly historic times!!! For those of us who will to 80 without a nervous disposition will tell our grand children about this era.

    Frightening yet exhilirating!

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  • Urine Trouble says:

    I would like to see it but will not go below 5000

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  • Wasnt the FTSE up yesterday. This shows that Panic IR cuts cause mor damage than good!!! Recessions are a normal part of the cycle all this fiddling to save political careers is just going to mak ea Japan scenario even more likely….

    Jack C you forgot to mention the 2.1% Low inflation figure

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  • people have no concept of the value of money…including the government.

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  • US stocks soared in late trading amid talk of a government-brokered rescue plan for credit insurers – closing bell DJ 12270 up 299 on the day

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