Our system detected that your browser is blocking advertisements on our site. Please help support FoxesTalk by disabling any kind of ad blocker while browsing this site. Thank you.
Jump to content
Raj

OUCH!

By Raj, in General Chat

Recommended Posts

Raj

Raj

Posted
  • Author
Posted
Probably for the reasons you've stated above!! He ain't got any!!!

Oh YEAH!!!!........ :rolleyes:

(thought somebody THAT old would have a pension!!!!!!) :D:unsure:

Monk

Monk

Posted
Posted

Ha I work in Investment Banking and have been watching the market all day. The traders (well the clever ones anyway) are laughing as they shorted all their positions in anticipation of this. Unfortunately its individuals who lose out.

Pensions and Long term investment is generally OK as the market will re adjust. But I've seen a couple of my shares plummet today Barclays and RBS both down over 6%! I dont have much in equities though - most of my(small) savings are in Cash ;)

Whatever you do, dont sell your shares at a loss. ride the storm!

The western economy is on a knife edge at the moment... and this in combination with next months largely predicted interest rate rise.... could cause a big tits up. We will see.

Raj

Raj

Posted
  • Author
Posted
Ha I work in Investment Banking and have been watching the market all day. The traders (well the clever ones anyway) are laughing as they shorted all their positions in anticipation of this. Unfortunately its individuals who lose out.

Pensions and Long term investment is generally OK as the market will re adjust. But I've seen a couple of my shares plummet today Barclays and RBS both down over 6%! I dont have much in equities though - most of my(small) savings are in Cash ;)

Whatever you do, dont sell your shares at a loss. ride the storm!

The western economy is on a knife edge at the moment... and this in combination with next months largely predicted interest rate rise.... could cause a big tits up. We will see.

:cry::cry::cry:

Good Advice Chap! :thumbup:

What do you think the FTSE will end up at this year???

Monk

Monk

Posted
Posted

3472 lol

no, I dont know. I dont think many people do to be honest. The current volatility is all driven out of the US sub prime lending market, but the problem is that none of the big financial institutions (apart from Schroeders) are owning up to how much of it they actually have because of the effect it will have on the market. This fuels speculation, and makes investors nervy.

At a punt I would say it will finish the year around about where it is now - hovering in the low 6000's, probably after having taken some pretty serious battering over the second half of the year - this is far from over! Interest rates in the US could really screw things up becauuuuuse:

the banks have made loads of loans to people they shouldnt have. They bundled them up and sell them onto other banks who use it as part of their risk portfolio. The problem is that the higher interest rates go, the more likely these nunces are to default on their mortgages therefore making the portfolio riskier and putting more pressure on the US Housing market which is already up shit creek without a paddle

If you want to know the general consensus of the market read up on some articles on the Bank of Englands website or maybe Bloomberg or Reuters. Most other stuff will be pure speculation!!

There you go how's that for my 1000th post (at long last!)

Lichfieldfox.

Lichfieldfox.

Posted
Posted
3472 lol

no, I dont know. I dont think many people do to be honest. The current volatility is all driven out of the US sub prime lending market, but the problem is that none of the big financial institutions (apart from Schroeders) are owning up to how much of it they actually have because of the effect it will have on the market. This fuels speculation, and makes investors nervy.

At a punt I would say it will finish the year around about where it is now - hovering in the low 6000's, probably after having taken some pretty serious battering over the second half of the year - this is far from over! Interest rates in the US could really screw things up becauuuuuse:

the banks have made loads of loans to people they shouldnt have. They bundled them up and sell them onto other banks who use it as part of their risk portfolio. The problem is that the higher interest rates go, the more likely these nunces are to default on their mortgages therefore making the portfolio riskier and putting more pressure on the US Housing market which is already up shit creek without a paddle

If you want to know the general consensus of the market read up on some articles on the Bank of Englands website or maybe Bloomberg or Reuters. Most other stuff will be pure speculation!!

There you go how's that for my 1000th post (at long last!)

An intellegent 1000th post - well done mate. At leat a tad better than buying an ISA 3 weeks ago and tipping 5K into China and 2K into Russia.Still I'm in it for the long term.

Monk

Monk

Posted
Posted
An intellegent 1000th post - well done mate. At leat a tad better than buying an ISA 3 weeks ago and tipping 5K into China and 2K into Russia.Still I'm in it for the long term.

In individual securities or into funds?? I think you're be OK in the long run, China could go either way in the next year or so. I've read some stuff recently where people reckon its a bubble waiting to burst but to be honest, all the volatility in the west will probably just fuel more investment in the far east. The Korean, Indian and Brazillian growth funds that are about are also a good bet at the moment.

Do you use Fidelity??

Thracian

Thracian

Posted
Posted

Broadly my faith stays in natural resources like water, gas, oil and precious/industrial metals.

With big emerging economies like China and India I cannot see the cost of raw materials doing anything but rise and access to sufficient stock getting harder.

That's not a professional view I hasten to add. Just applying the law of supply and demand really.

Steven

Steven

Posted
Posted
Broadly my faith stays in natural resources like water, gas, oil and precious/industrial metals.

With big emerging economies like China and India I cannot see the cost of raw materials doing anything but rise and access to sufficient stock getting harder.

That's not a professional view I hasten to add. Just applying the law of supply and demand really.

Agreed and add food to that along with the use of foodstuffs for fuel. Oil is still cheaper per pint than milk. :thumbup:;)

James.

James.

Posted
Posted
GET IN!!!!!

Thank God (Whomever you believe in!!) that its bounced back up!!! :D:clap:

http://news.bbc.co.uk/1/hi/business/6943083.stm

lol

You're in for a rough ride if you're monitoring the markets this closely. It could easily be down again tomorrow or even (be it far less likely) by the end of the day today. It's a very volatile environment at the minute with a lot of nervousness regarding just how badly affected by the credit conditions some of the large banks have been.

You may have noticed Citigroup are said to have lost $700 million...

Looking at it from a slightly more longer term point of view I'd imagine by the end of the year this will be a not-so-distant memory where lessons will be learned but ultimately the market will have recovered from. It's a blip in a general upward trend in the current bull market.

Raj

Raj

Posted
  • Author
Posted
lol

You're in for a rough ride if you're monitoring the markets this closely. It could easily be down again tomorrow or even (be it far less likely) by the end of the day today. It's a very volatile environment at the minute with a lot of nervousness regarding just how badly affected by the credit conditions some of the large banks have been.

You may have noticed Citigroup are said to have lost $700 million...

Looking at it from a slightly more longer term point of view I'd imagine by the end of the year this will be a not-so-distant memory where lessons will be learned but ultimately the market will have recovered from. It's a blip in a general upward trend in the current bull market.

Hope your right !

I'd hate to think what i'd have done if the FTSE lost another 200 points this morning!!

Im in it for the long run,but you can't beat a few gains now and again!!! :thumbup:

Fez of Mahrez

Fez of Mahrez

Posted
Posted

This must be how some women feel when blokes talk about football. You might as well be talking another language. All I know is I've got £1.75 for lunch and I better get a damn good jacket potato for it.

Fez of Mahrez

Fez of Mahrez

Posted
Posted
I did have an ISA. It's all spent now. So technically, I have the last laugh, as there is no way that the beer, women and cr ap I spent it on will depreciate in value!

HA!

:laugh: :laugh: :laugh: :laugh:

Raj

Raj

Posted
  • Author
Posted
This must be how some women feel when blokes talk about football. You might as well be talking another language. All I know is I've got £1.75 for lunch and I better get a damn good jacket potato for it.

Good time to hit the FTSE fez!!!!

By Lunchtime tomorrow your 1.75 could have doubled!!!!

Imagine the lunch you'd have with THAT!!!! :D:unsure:

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...