Goodnight sweet stock market..
Goodnight sweet stock market..
Author
Discussion

Tyson1980

Original Poster:

712 posts

173 months

Tuesday 4th October 2011
quotequote all
DOW is plummeting and Bernanke is going to speak. I bet that it plummets to around 9,000 today when he opens his mouth

End well this will not.

FTSE is down too. My share portfolio (Heavily AIM) is also fked...

Am i the only one who want this to get sorted. The quicker we reform the better the world will be (hopefuly)

banghead

birdcage

2,873 posts

222 months

Tuesday 4th October 2011
quotequote all
I am with you....Horrid times.

Someone has to be piling in soon surely, the only fun I've had recently is day trading the FTSE 100 tracker ETF over the last few weeks, huge bets and you can make some money...and lose a lot too but then you adjust your investment timeframe!!!

FTSE Will be 6,000 by Christmas...........Maybe.....Probably not

RDMcG

20,081 posts

224 months

Tuesday 4th October 2011
quotequote all
We are heading into very ,very bad times

RemainAllHoof

78,792 posts

299 months

Tuesday 4th October 2011
quotequote all
Tyson1980 said:
FTSE is down too. My share portfolio (Heavily AIM) is also fked...

Am i the only one who want this to get sorted. The quicker we reform the better the world will be (hopefuly)
Two things spring to mind.
1) To be doing AIM, you must be a pro so you're probably loaded anyway so just accept the hit as a small part of your investment strategy.
2) Would you really care that much if you were flat?

RemainAllHoof

78,792 posts

299 months

Tuesday 4th October 2011
quotequote all
Or
3) You're a noob who took a punt on money you could afford to lose so why do you care? smile

PS I only care in the sense that a lot of people risk losing their jobs and the cost of living will get increasingly worse for people who are not PHers/company directors/powerfully-built.

g4ry13

19,807 posts

272 months

Tuesday 4th October 2011
quotequote all
la la la *fingers in ears*

As my portfolio plummets to new depths. Just wish I had more cash frown

Tyson1980

Original Poster:

712 posts

173 months

Tuesday 4th October 2011
quotequote all
RemainAllHoof said:
Two things spring to mind.
1) To be doing AIM, you must be a pro so you're probably loaded anyway so just accept the hit as a small part of your investment strategy.
2) Would you really care that much if you were flat?
1) Well to do. But not loaded by any means. Just frustrating seeing gains whittle away when you know the fundamentals are so strong.

2) I am pretty much flat right now. No major losses (yet) as i bought in low some time back. But a very red day overall..

RemainAllHoof

78,792 posts

299 months

Tuesday 4th October 2011
quotequote all
Tyson1980 said:
1) Well to do. But not loaded by any means. Just frustrating seeing gains whittle away when you know the fundamentals are so strong.

2) I am pretty much flat right now. No major losses (yet) as i bought in low some time back. But a very red day overall..
Sorry, I was just having a mean dig. AIM is a dangerous market to invest in. I recall the likes of Horseapple repeatedly telling us to stick to blue chip companies. Boring but lower risk.

Good luck.

(By flat, I mean no positions.)

g4ry13

19,807 posts

272 months

Tuesday 4th October 2011
quotequote all
RemainAllHoof said:
Sorry, I was just having a mean dig. AIM is a dangerous market to invest in. I recall the likes of Horseapple repeatedly telling us to stick to blue chip companies. Boring but lower risk.
Well that's crap because they fell too. It makes no difference, just size your position accordingly to the risk.

RemainAllHoof

78,792 posts

299 months

Tuesday 4th October 2011
quotequote all
g4ry13 said:
Well that's crap because they fell too. It makes no difference, just size your position accordingly to the risk.
But at least blue chips will come back up!

Mermaid

21,492 posts

188 months

Tuesday 4th October 2011
quotequote all
Tyson1980 said:
DOW is plummeting and Bernanke is going to speak. I bet that it plummets to around 9,000 today when he opens his mouth

End well this will not.


banghead
Hope you did not smile

Dow at 10565 - by and large, Bernanke is a friend of the stock market - only once, AFAIK, has it dropped following his speech.

Mermaid

21,492 posts

188 months

Tuesday 4th October 2011
quotequote all
Mermaid said:
Tyson1980 said:
DOW is plummeting and Bernanke is going to speak. I bet that it plummets to around 9,000 today when he opens his mouth

End well this will not.


banghead
Hope you did not smile

Dow at 10565 - by and large, Bernanke is a friend of the stock market - only once, AFAIK, has it dropped following his speech.
Dow at 10774...

northandy

3,521 posts

238 months

Tuesday 4th October 2011
quotequote all
Thing is when this bounces back someone is going to make a lot of money... When the "when" is a another matter

Mermaid

21,492 posts

188 months

Tuesday 4th October 2011
quotequote all
northandy said:
Thing is when this bounces back someone is going to make a lot of money... When the "when" is a another matter
It's the US money-men who get together for lunch and decide a strategy, return at 2pm (7pm our time) and action their plan biggrin

Welshbeef

49,633 posts

215 months

Tuesday 4th October 2011
quotequote all
So who's leveraging their mortgage to dump cash into the FTSE?? Killing time come on it's big balls time now.

russ_a

4,705 posts

228 months

Tuesday 4th October 2011
quotequote all
Now's the time to buy! Have I remortgaged, have I hell smile

jonah35

3,940 posts

174 months

Tuesday 4th October 2011
quotequote all
don't you guys feel you are calling it too early?
the ftse got down to around 3500 in 2003 and to around 3500 (ish) in 2008 so why when it is around 5,000 now when banks and countries are on the edge do you think it is time to go in?

you can't time the market etc but do you not think it could easily fall to say 3,000 and stay there for years on end?


johnfm

13,712 posts

267 months

Tuesday 4th October 2011
quotequote all
Tyson1980 said:
RemainAllHoof said:
Two things spring to mind.
1) To be doing AIM, you must be a pro so you're probably loaded anyway so just accept the hit as a small part of your investment strategy.
2) Would you really care that much if you were flat?
1) Well to do. But not loaded by any means. Just frustrating seeing gains whittle away when you know the fundamentals are so strong.

2) I am pretty much flat right now. No major losses (yet) as i bought in low some time back. But a very red day overall..
Seems to me to be a great time to but equities whose underlying fundamentals are stronger than the market seems to be pricing them.

Fill yer boots and pat yourself on the back in ten to fifteen years.

johnfm

13,712 posts

267 months

Tuesday 4th October 2011
quotequote all
Tyson1980 said:
RemainAllHoof said:
Two things spring to mind.
1) To be doing AIM, you must be a pro so you're probably loaded anyway so just accept the hit as a small part of your investment strategy.
2) Would you really care that much if you were flat?
1) Well to do. But not loaded by any means. Just frustrating seeing gains whittle away when you know the fundamentals are so strong.

2) I am pretty much flat right now. No major losses (yet) as i bought in low some time back. But a very red day overall..

Welshbeef

49,633 posts

215 months

Tuesday 4th October 2011
quotequote all
Thats the hard one to answer.

If you know that you'd put your house on it ...

Are we now at the cliff edge ?

Another question are the politicians enjoying playing a game with the markets to show them who's boss. First the USA and it never recovered to previous levels and the ongoing eurozone.

In time we will all look back at this era thankful that we passed it and sorted out our debt.
The one thing I'm learning from this whole episode is that consumers are permanently changing their attitude towards debt. This is a good thing debt is bad and strangles spending once fully leveraged. Literally every day I have conservations with people and its all worry and fear. They are all monstering the overpayments of their debts now and have been for years. Some who I've known for years now talk with real passion about mortgage free dates and how many years they have cut off their mortgage by overpaying. It's great for the individuals but if it's done en mass it's not good for the country as growth vanishes. But once we clear our personal debt and then pay down our nations debt our nation will be like a pheonix out of the fire in a new world of saving for something then buying it instead of want it now buy it on the never never.