Stock markets. How low this time?
#1
Scooby Regular
Thread Starter
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
Stock markets. How low this time?
With the Dow Jones index down over 10% in recent days and the FTSE 100 down over 10% as well how much lower do you think the markets are going to fall or is it that the European debt crisis has just spooked the market. Hopefully it will recover soon when things settle down. I wish I'd put my money in gold now, but there you are, hindsight is a wonderful thing.
Chip
Chip
#4
Scooby Regular
Thread Starter
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
Over 10 here . Still it's happened before and it will happen again. Just have to sit tight I guess.
Chip
Chip
Last edited by Chip; 04 August 2011 at 09:10 PM.
Trending Topics
#8
Scooby Regular
From things I've seen you post before, Chip, I presume the latter in your case?
#13
Scooby Regular
I've bought stuff recently too. Standard life, more Robert Wiseman and some agricultural commodity ETFs. I'll just ride it out. Although if stocks keep declining and the agri ETFs I've just bought break even, I'd perhaps sell them and buy a good divi paying stock like BAE. Down to 270 today... I was going to buy it at £3 a few weeks ago.
#16
Scooby Regular
Was looking at Chesnara too funnily enough. A company called Chaucer that I had shares in was bought by a private firm so I was looking for a similar mid cap with a good yield. Chaucer had something like a 9% yield for the price I paid. Would rather have kept it than had the money from the sale to be honest!
#17
Scooby Regular
Thread Starter
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
It's going to be interesting to see what happens in the next few days though I think (hope) it will all settle down and the strength of the healthy companies will show through.
Chip
Chip
#18
Scooby Regular
Join Date: Jan 2005
Location: Lincolnshire
Posts: 15,623
Likes: 0
Received 0 Likes
on
0 Posts
I put 100k into HSBC at the bottom of the banking crisis. Have made 42k in two years. Sold them last week and put it all in BP.
I wish.................
I wish.................
#19
Gordon Brown,worst pollitician ever to walk this earth.
And yes,do blame him and those that have allowed Europe/the world to be in this situation
And yes,do blame him and those that have allowed Europe/the world to be in this situation
#21
Scooby Regular
iTrader: (7)
Join Date: Aug 2004
Location: west yorks
Posts: 2,365
Likes: 0
Received 0 Likes
on
0 Posts
It's not looking good on the far east, makets have taken a 4% drop roughly.
Let see what happens with Italy
Trout what do you advise for us young chaps? invest or save?
FTSE 100 has had approx 50 BILLION WIPED....
Let see what happens with Italy
Trout what do you advise for us young chaps? invest or save?
FTSE 100 has had approx 50 BILLION WIPED....
#22
Scooby Regular
iTrader: (9)
Join Date: Mar 2004
Location: .
Posts: 20,035
Likes: 0
Received 0 Likes
on
0 Posts
As soon as people realise that much of what is happening is not in wany under the control of ANY UK government the better.
This is a global issue and the Tories can't sort it out any more than Labour can/could, in fact they seem to be ignoring the whole situation for the most part.
#25
As much as Gordon Brown is/was a bad politician he is just a minnow in the causes and resultant problems of the GLOBAL financial crisis.
As soon as people realise that much of what is happening is not in wany under the control of ANY UK government the better.
This is a global issue and the Tories can't sort it out any more than Labour can/could, in fact they seem to be ignoring the whole situation for the most part.
As soon as people realise that much of what is happening is not in wany under the control of ANY UK government the better.
This is a global issue and the Tories can't sort it out any more than Labour can/could, in fact they seem to be ignoring the whole situation for the most part.
As far as I am concerned a world was created where people thought they were rich,banks went mad and behaved very badly,Gordon Brown and others actually encouraged it and now we are all suffering be it people or countries,stock markets,whatever
#27
Scooby Regular
iTrader: (1)
Join Date: Jan 1999
Location: UK
Posts: 15,271
Likes: 0
Received 0 Likes
on
0 Posts
If you have a lot of money try Canadian dollars, NZ dollars. Probably avoid the Swissie as it looks 50% over value. Sterling bonds for a long play.
Short in the current market - play well and make a fortune.
#29
To those people who are holding quite large numbers of various shares, do you have any kind of plan as to what you will do with them? I mean, do you have stops in place where you will exit if they go down too far, or targets in place if they hit a certain price?
It seems to me that a lot of people just buy a big chunk of something with the expectation that "they always go up eventually", but beyond that don't really have a plan.
It seems to me that a lot of people just buy a big chunk of something with the expectation that "they always go up eventually", but beyond that don't really have a plan.
#30
Scooby Regular
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes
on
0 Posts
Pretty lairy trading! The market today has had intraday swings that total 10.4% movement! This to me signals a huge fight between bears and bulls as they potentially try and thrash out an equilibrium (bottom)....at least for the near term.
Non-farm payrolls number in just over an hour....always a crucial figure, however today a good number probably stabilises markets and will allow them to consolidate, a bad number and off we go again through todays floor and probably more....
Non-farm payrolls number in just over an hour....always a crucial figure, however today a good number probably stabilises markets and will allow them to consolidate, a bad number and off we go again through todays floor and probably more....