FTSE down 8% on opening...
Oct 10th 2008, 2:23 pm
#16
BE Forum Addict
Joined: Feb 2007
Location: Kuwait
Posts: 1,202
Re: FTSE down 8% on opening...
Market sentalimantalist is currently down - the markets are driven usually thru emotions (and a dash of manipulation). With the UK propping up an industry which is riddled with bad pratices it is natural selection/de-selection of the fittest. There is a concept which i scribe to called "least path of resistance" - Shorting is a natural alternative to going long (its a shame I am restricted by both company and regulator for a 2.5%).
Oct 10th 2008, 2:39 pm
#17
Truth is the safest lie.
Thread Starter
Joined: Jul 2008
Location: @ the beach.
Posts: 7,240
Re: FTSE down 8% on opening...
Could be true, I'm delicate.Interesting strategy you posted above
.Unless something changes I'm "all in" (with available funds) on GS once markets calm a little and hold, probably for a long time
. ...value of investments may go up as well as down...etc.
Oct 10th 2008, 4:11 pm
#18
Lost in BE Cyberspace
Joined: Dec 2006
Posts: 23,434
Re: FTSE down 8% on opening...
A bit of both really.
I moved out of stocks (Europe and US; am still in India) completely in Apr 07 (thanks to hubby - I can't claim credit for this). On Monday I shall be buying US T-bills and invest in Australian Govt. issued bonds.
I shall keep a very tiny bit in the bank here. Will also buy ETFs soon.
I moved out of stocks (Europe and US; am still in India) completely in Apr 07 (thanks to hubby - I can't claim credit for this). On Monday I shall be buying US T-bills and invest in Australian Govt. issued bonds.
I shall keep a very tiny bit in the bank here. Will also buy ETFs soon.
Lehman CDS auction (10.30am Eastern Timezone) so today could be one of the most interesting days which will be looked back by many future governments.
It'll be a good test for giving a gauge on how eager investers are to get hold of these heavily reduced assets.
If I had positions in financial institutions I'd have panicked a long time ago. I'd love to blame investors for panic selling but the fact is I've got no money tied to bank shares at the moment so I'd be a total hypocrit saying that.
It'll be a good test for giving a gauge on how eager investers are to get hold of these heavily reduced assets.
If I had positions in financial institutions I'd have panicked a long time ago. I'd love to blame investors for panic selling but the fact is I've got no money tied to bank shares at the moment so I'd be a total hypocrit saying that.
Last edited by Confucius; Oct 10th 2008 at 4:23 pm.
Oct 10th 2008, 5:59 pm
#19
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Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: FTSE down 8% on opening...
Conf, I am not really qualified to give this type of advice. Anyway, will send you a pm tomorrow...
Oct 10th 2008, 6:07 pm
#20
A bubbly-jock...
Joined: Mar 2005
Location: Teneriffe
Posts: 6,262
Re: FTSE down 8% on opening...
As for private money and short term I don't know...as The Dean says is it better to buy bank shares or actually put the money in a bank to earn interest?
Oct 10th 2008, 6:34 pm
#22
Lost in BE Cyberspace
Joined: Dec 2006
Posts: 23,434
Re: FTSE down 8% on opening...
Sound advice from my Aussie accountants...if your portfolio is superannuation money...just leave it and forget about it (i.e., assuming your are not retiring soon) ...a couple of years or more and you will be fine.
As for private money and short term I don't know...as The Dean says is it better to buy bank shares or actually put the money in a bank to earn interest?
As for private money and short term I don't know...as The Dean says is it better to buy bank shares or actually put the money in a bank to earn interest?
I'm only going to touch/use the funds after about 13 years from now, or, 6 years at the earliest...But still...
Oct 10th 2008, 6:44 pm
#23
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: FTSE down 8% on opening...
Market sentalimantalist is currently down - the markets are driven usually thru emotions (and a dash of manipulation). With the UK propping up an industry which is riddled with bad pratices it is natural selection/de-selection of the fittest. There is a concept which i scribe to called "least path of resistance" - Shorting is a natural alternative to going long (its a shame I am restricted by both company and regulator for a 2.5%).
Now THAT'S what I call sound investment advice........ Meow or Indie will be along in just a few moments to offer you a job............
Last edited by The Dean; Oct 10th 2008 at 6:45 pm. Reason: '
Oct 10th 2008, 6:47 pm
#24
Lost in BE Cyberspace
Joined: Dec 2006
Posts: 23,434
Re: FTSE down 8% on opening...
First time you dont include Matahari in a group suggestion...You don't like her anymore,Deano???
Oct 11th 2008, 9:00 am
#27
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Joined: Feb 2007
Location: Kuwait
Posts: 1,202
Re: FTSE down 8% on opening...
"Shorting is a natural alternative to going long "
Sorry I meant to type "Shorting is just a natural alternative as well as going long"- remember prices can go in 3 directions !!
Sorry I meant to type "Shorting is just a natural alternative as well as going long"- remember prices can go in 3 directions !!
Oct 11th 2008, 9:13 am
#28
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Joined: May 2007
Location: Utopia
Posts: 1,644
Re: FTSE down 8% on opening...
Well it's not all bad news, Abramovish has lost £12 billion on the Russian markets.
Oct 11th 2008, 9:54 am
#29
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Joined: Feb 2007
Location: Kuwait
Posts: 1,202
Re: FTSE down 8% on opening...
I think Mittal went from $30b down to $12b - I can imagine the scene - he must be crying over his cornflakes this morning - "No James no kedigree this morning"
Joe Lewis lost about $700m
I know of one guy personally whos trading account has gone form $10m down to $650k
Joe Lewis lost about $700m
I know of one guy personally whos trading account has gone form $10m down to $650k
Last edited by UKCityGent; Oct 11th 2008 at 10:06 am.
Oct 11th 2008, 10:12 am
#30
Concierge
Joined: Feb 2007
Posts: 29,625
Re: FTSE down 8% on opening...
If he is working in the markets, please ask him for his opinion about something:
If he had fresh money to invest now, would he prefer (a) buying bank shares or (b) putting the money in a savings/deposit account at the same bank?
In other words, which is better - shareholder or saver?
If he had fresh money to invest now, would he prefer (a) buying bank shares or (b) putting the money in a savings/deposit account at the same bank?
In other words, which is better - shareholder or saver?
