Tuesday, January 22, 2008

Wishful thinking? If true, these folks really are determined

Hopes of global rate cut sparks FTSE revival after early morning slump

The stock market suffered wild fluctuations in early morning trading today, dipping 200 points on opening and recovering as investors snapped up bargain shares. The sudden drop in shares sparked rumours this morning that global central banks, including the Bank of England, could be considering co-ordinated emergency rate cuts.

Posted by hpwatcher @ 12:19 PM (1026 views)
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11 thoughts on “Wishful thinking? If true, these folks really are determined

  • Anybody know anything about these ”rumours”??

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  • It’s a rumour going round the Dail Mail office.

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  • This is being used as an excuse to lower rates, even though lowering rates has absolutely no direct influence on the stock market.

    This is like offering blood letting as a cure to the AIDS problem. Irrelevant, misinformed and dangerous.

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  • Fed just cut. 75 bps (4.25 to 3.50) – FTSE just went plus 200 from down 80. Fun and games. Whose next?

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  • Panic? What panic?

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  • speculatorone says:

    So everyone borrows so much money they cannot afford to pay it back, answer cut rates to try and make people start borrowing again, how can this be sustainable?

    If BoE cut in similar fashion I can see the estate agents now rubbing their hands together, its a get out of jail card.

    For us on this site it looks like GB and mates are doing their best to keep the good times going..

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  • Yep – Fed has thrown the dice, but the market knows better Georgie. Lets see what happens over the next few hours/ days / weeks. If fiscal policy dont work lets use monetary policy….if that dont work then erm er well er?!?!??

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  • Unfortunately there is a lot of collusion between the bankers (spelt with a W) and the politicans (bent and corrupt). Any reason for a rate cut to tempt more fools into their grip!

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  • Uh Oh Were In Trouble Something's Come Along And Its . . says:

    What time does Noo Yock start trading?

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  • Stop recession, and let’s stop the tides at the same time!

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  • I don’t feel that the stock market performance is really based on economic principles, instead it is based more on herd mentality. The constant massive swings one way then the are evidence of this.

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