Down 319 points, or 5.4%, as I type.
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FTSE meltdown today
- Thread starter Bozza
- Start date
Lokki 7
WSU
I sold some futures and the market panicked. Sorry.
- Thread starter
- #3
Don't be - you've created buying opportunities for the shrewdies.
Lokki 7
WSU
If you pick bottoms you get smelly fingers.
Last edited:
maffew
Well-known member
get on these boys, large
http://www.pipex.co.uk/?cpa-disp-aym
http://www.pipex.co.uk/?cpa-disp-aym
nail-Z
Well-known member
Robot Chicken
Seriously?
Buying Northern Rock shares today would have been a good idea as they just went up...
Last Trade:86.75 p
Trade Time:1:45PM
Change:
22.25 (34.50%)
Prev Close:64.50
Last Trade:86.75 p
Trade Time:1:45PM
Change:
Prev Close:64.50
Moshe Gariani
Well-known member
- Mar 10, 2005
- 12,202
Can Lokki or some other financial whizzkid explain the significance of this news...? Or is it just the usual money-go-round bollocks as far as us humble types in the street are concerned...?
Presumably it isn't a negative response to GB's genius rescue plan?
Presumably it isn't a negative response to GB's genius rescue plan?
Bevendean Hillbilly
New member
Biggest slump since the 9/11 attacks in America.
Rueters say US economy on the brink of recession.
Rueters say US economy on the brink of recession.
maffew
Well-known member
Just for beachy...
Remember - tipped at 17p.
ouch, Ocean Finance beckons
Lokki 7
WSU
It pretty much boils down to fears of a recession in the U.S causing a global slowdown. The FTSE has faired fairly well today compared to most major nations. Europe has generally fallen further and India was off 12% this morning. Nasty business. I would guess it's going to get a lot worse before it gets better but if anyone can see us through it's definitely Gordon Brown.
Tricky Dicky
New member
It pretty much boils down to fears of a recession in the U.S causing a global slowdown. The FTSE has faired fairly well today compared to most major nations. Europe has generally fallen further and India was off 12% this morning. Nasty business. I would guess it's going to get a lot worse before it gets better but if anyone can see us through it's definitely Gordon Brown.
Am I correct in thinking thhat "recession" is a technical term for 9 successive months of negative inflation, or something like that ?
Lokki 7
WSU
If I remember my economic theory correctly the most widely used definition is 3 consecutive months of negative economic growth.
Tricky Dicky
New member
I thought it was something like that. I guess 9 months woud be too long, thinking about it.
- Thread starter
- #15
...and it's nothing to do with deflation, which we don't want to see. Recession or not.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,019
ive read that trading is light, and with no US market open today it might just be a storm in a tea cup.
Lokki 7
WSU
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Storer68
New member
a pedant writes:
You cannot achieve "negative growth"
Growth is by definition, positive.
You had one, it grew, it is now bigger
Is it time to buy some frozen concentrated orange juice yet?
Tricky Dicky
New member
Thesaurus.com would begger to disagree. It has 4 synonyms for "Grow Smaller", Contract, Dwindle, Lessen and Shrink.
Therefore the Incredible shrinking woman grew smaller every day is perfectly ok, Mr Pedant.