Rusthall Seagull
New member
the mining stocks have always been extremely volatile though....
Got something to say or just want fewer pesky ads? Join us... 😊
FTSE In Freefall Again
- Thread starter Uncle Spielberg
- Start date
the mining stocks have always been extremely volatile though....
surrey jim
Not in Surrey
hows the FTSE looking now??
Uncle Spielberg
Well-known member
- Thread starter
- #23
It went up but its going down the shitter again, 7% down, 1% up and now 4%down again
Lush
Mods' Pet
Buy pork bellies!
Trufflehound
Re-enfranchised
Sell Frozen Concentrated Orange Juice!
Tricky Dicky
New member
certainly has been up and down like a tarts drawers today, was round about 200 points down for most of the morning, I think it managed to get to a 50 point gain after the rate cut but now it's back down to almost 200 points off again - presumably when NY opened.
Pavilionaire
Well-known member
- Jul 7, 2003
- 31,269
I just think it's ironic that Kerry Katona is bankrupt and now Iceland is bankrupt. She really is an albatross. The eskimos need to buy Jenny Frost a one-way ticket to Reykjavik post-haste.
Tricky Dicky
New member
Seems to have come back to -120 odd, but the DJ is up 137 at the mo.
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,350
Oh well 
Uncle Spielberg
Well-known member
- Thread starter
- #31
FTSE down over 10% so far today 
Papa Lazarou
Living in a De Zerbi wonderland
Uncle Spielberg
Well-known member
- Thread starter
- #33
Gully
Monkey in a seagull suit.
...time to buy some shares methinks!
What would the good people of NSC buy, I am thinking of taking a punt on RBS and LloydsTSB.
What would the good people of NSC buy, I am thinking of taking a punt on RBS and LloydsTSB.
Gully
Monkey in a seagull suit.
I believe that the US is still pretty cheap in comparison to the UK, especially for things like dining out and shopping, which is why many people head over there. Maybe some of our NSCers based on that side of the pond can give us an update, just in case anyone is thinking of heading over, fairly common practice at this time of year as Xmas approaches.
larus
Well-known member
There is a saying that the time to buy is when everything capitulates. I think that is happening now.
However, we are in unchartered waters here. There is nothing to suggest that we are going to stabilise here. If we get a global recession, then the earnings of companies will go down, and then the P/E ration's will deteriorate, and this could cause further price weakness.
Also, the financial system is still locked up. Until this starts to function again, many companies are going to struggle to fund their activities. This is the reason for the injection into the banking system.
It may be worth a punt now, but only invest what you are able to lose totally. Otherwise, invest in defensive stocks, e.g. utilities, pharmaceuticals, food retailers. (You are advised to seek professional help first though
).
Trufflehound
Re-enfranchised
This is what you get when you hand stock markets to a bunch of hysterical idiots who panic whenever someone whispers "boo!" to them.
They should suspend trading, take all the stockbrokers outside, give them a DAMN GOOD SLAPPING to calm them down, then tell them they can have their toys back when they've learned how to play with them properly.
They should suspend trading, take all the stockbrokers outside, give them a DAMN GOOD SLAPPING to calm them down, then tell them they can have their toys back when they've learned how to play with them properly.
Trufflehound
Re-enfranchised
In other words it's back to a realistic level.
Gully
Monkey in a seagull suit.
I think that is about right, there are some absolute bargains out there at the moment, it will be a case of pick the right stock and ride out the storm...your warning about only investing what you can afford to lose is spot on, I have been guilty of backing a couple of companies that had they been horses would have ended up in the glue factory.