anyone else doing this today knowing its only going to do down and down?
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anyone else doing this today knowing its only going to do down and down?
no
why is it?
american mortgage collapse
kinda a big deal. Last time it was below 5000 was after september 11th. its dropped 110 this morning alone. now at under 5200.
It didnt actually just collapse though
It was crap before (these two companies) but they only just chose to recognise and announce it yesterday (or the day b4)
All my doom and gloom stuff is merely me reporting that which is already upon us, mostly what you are now hearing as news is announcements confirming this.....of course these announcements will then spur on activity which will iteratively make things worse......simply because 'experts' do not/cannot recognise that which their expertise does not recognise.
Since they come (mostly) from an orthodox uniform expertise they share similar blinkered vision.
ALthough there will be some economy students who will pipe up....ohh no thats not true there are plenty of 'gurus who predict bad stuff' they are mostly just flogging their books and they dont really seem to grasp the fundamentally non scientific aspect of caonsumer capitalism trying to put a monetry value on anything......the assisnation of much monetary value various aspects are worth is largely arbitary and often could count as a 0 in some algorithms, because some aspects could be given nominal values, some aspects of them could be priceless enough to render the economies worked out to be meaningless.
It's at times like this that I congratualate myself....
for having the foresight and wisdom to not have any savings, investments or shares whatsoever.
Huzzah!
the key question is when will it the bottom and when is the best time to buy.
.
I have already told you guys loads of time
It is potentially bottomless. Im suprised that all experts dont mention this
leaves me with 3 scenarios
a) I can see and understand it all better than all the experts that 'THEY' use, cos I am clever
b) as 'a' except that im not very clever, its more a case of The experts are stupid
c) The experts are fibbing
d) 'THEY' are editing that which the experts say.
sorry 4 scenarios
what about the dead cats though?
A friend's workmate said 2 weeks ago
"The FTSE won't fall below 5200. FACT"
So my friend told him to put up or shut up and sold him at a pound a point.
He can afford to go out this weekend now
Can I have a bet with this fella bout it going under 4000?
now thats just silly
come on no way
its going under 4000
It could do
but that's an extreme scenario. Put your money where your mouth is and buy some ftse puts.
Have to admit, I was a buyer at 5500 about six months ago, don't know if I'd even buy 5000 now.
i been thinking about it but not till it drops below 5000
Just talked to our equities guy
apparently there's support at 5090 but it smashed through two other support levels today so I would be too confident.
Also, September 11th 2001 wasn't the last time it was below 5000, it went below 4000 in 2002 after the tech bubble burst.
sorry
i was kinda classing them as the same period. graduation year for me ;)
"The currency cat"
from The Day Today, is as far as my understanding of economics goes.
dont worry, its not that different to 'the experts'
they just know the day to day stuff
how dya like 3000
or even 2000? cos that realistically feels like a more realistic appraisal between 1000 and 2000, of course this will not stabilise at this because if it does go below 2000 then the stupid headless chickens that 'THEY' have operating the cogs and pulling the levers wouldnt actually have any view point left having seen so many of their 'certainties smashed' so they wouldnt even know to be confident to do the trading that would see it bottom out at over 1000....their nerves will be shot to shreds and all they seem to go on is confidence.
You guys seem to have a complete shower of uselessness running your society.
I'm imagining The FTSE Fall
as a fall tribute band with a Thatcherite Mark E Smith.