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ElBurroSinNombre

ElBurroSinNombre

Well-known member
Down another 10% today - that is about 25% in ten days.
Does anyone want to predict where the bottom is?
Are there more bad days to come or is that the end of it? Have the markets now factored in a massive global slowdown and world wide recession? Or is there more to come?
 
ElBurroSinNombre said:
Down another 10% today - that is about 25% in ten days.
Does anyone want to predict where the bottom is?
Are there more bad days to come or is that the end of it? Have the markets now factored in a massive global slowdown and world wide recession? Or is there more to come?
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They'll fix things somehow-the ruling class always do-but its good to see rich people worrying about their investments,whilst huge parts of the community in Blackpool dont know if they can afford a hot meal.
 
Plumbs said:
They'll fix things somehow-the ruling class always do-but its good to see rich people worrying about their investments,whilst huge parts of the community in Blackpool dont know if they can afford a hot meal.
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This affects a lot of people both rich and poor and the slump is just a reflection of what the market thinks will happen on the ground in the next few months. I am starting to worry, a lot of self employed and zero hours people are going to be in trouble very quickly if they are told to self isolate. The 'help' announced by the government yesterday is laughable, difficult times ahead.
 
Millions being wiped off share values by market makers(goblins).
hold your nerve most companies over sold.
But once big events and relatively smaller ones are restricted it could go even lower.
Then Yazz should then start to sing.
anybody brave enough to take a short term bank loan?
I hasten To add not me.😩
 
You would be a fool to buy now unless day trading.
I am shorting many shares and now hedging both ways on bitcoin and Gold.
Still more downside yet as this will result in recession.
I darent look at my investment ISA’s. Well down however I am in for the long term.
 
ElBurroSinNombre said:
This affects a lot of people both rich and poor and the slump is just a reflection of what the market thinks will happen on the ground in the next few months. I am starting to worry, a lot of self employed and zero hours people are going to be in trouble very quickly if they are told to self isolate. The 'help' announced by the government yesterday is laughable, difficult times ahead.
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Aye I understand that and I suppose it depends at what particular end of the scale you are at. I had three weeks off last year with vertigo and it cost me a lot of money,as well as lost trade and worrying sick if I'd ever be able to drive again.
Its not hard to see how easily people can fall off the wagon and start relying on the state,indeed I believe we are due another blow with an increase in Council Tax shortly.
 
Anyone with a few quid spare are in a great position to make some good money. Will soon bounce back with avengance once we have sorted this virus 🦠 out
 
hertfordseasider said:
I am sure it affects many people on this board and many mere mortals. It also affects pensions and a myriad of other things. Very narrow minded thoughts from you and Plumbs
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Indeed but as we already know we're a broken society where the poor are often the target of the rich. You've only got to look at the effects of universal credit to realise that.
 
The Govt press conference said today that the number of infections in the UK will peak in 10 to 14 weeks. That will be the time of maximum misery and the market will probably begin to crawl back after that. There may be a dead cats bouncing - so watch out for them!
 
Plumbs said:
They'll fix things somehow-the ruling class always do-but its good to see rich people worrying about their investments,whilst huge parts of the community in Blackpool dont know if they can afford a hot meal.
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The initial sufferers will be rich as well. Far East holidays and cruises aren't for the poor.
 
Cashed in all my BAE Systems shares at 6.50 last month. Down to 5.03 today and I'm tempted (but not yet brave enough) to put it all back in.
 
I doubt if this is the bottom. Wait until the virus has peaked in U.K. and USA and dip into the market slowly.
This is a dead cat bounce. Great for day traders.
already starting to turn again.
 
Rally is sustained until now FTSE up 6% this morning ATM
We will see what happens when Wall Street opens later
As Graham says plenty of twists and turns to come, can't believe that this is the end of the bad days.
 
FTSE down another 6% this morning ATM despite another emergency interest rate cut by the Fed. It briefly went below 5000 but has recovered a bit - but it was at 7700 before this crisis.
Pound back to 1.1. vs Euro was 1.2 before this started.
My personal view is that we must be now somewhere near the bottom in that the world (and the markets) have now realised the extent of the crisis. In the coming weeks and months I think that we will see a bit of a recovery as the fear starts to subside and we start to understand more about the virus and how to control the symptoms. Just my hunch, for some reason I am starting to feel more optimistic today.
 
Can’t remember where I read it now, but one analyst was predicting the Dow to drop to a bottom of 16000, which would presumably take the FTSE down quite a bit further from here?
Only one opinion obviously. I think we might need to see some stabilising in the numbers of infections and deaths and probably some evidence that the impact on business and credit lines are not as bad as the current panic is predicting before this eases up though? I have no real personal stake in this, just a passive observer though so have no strong opinions to offer.
 
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Doing well with shorting shares, particularly in travel and leisure.
This is compensating for my loss on ISA’s etc.
Think it will be a few weeks before we can start buying again apart from when Donald Trumps spouts his patriotic speeches.
Good for day traders.
 
Just to make you happy Oatsy 👍


The markets are crashing again after a bounce end of last week.

I would guess there will be a bounce tomorrow as there generally is the day after.

BUT how low can it go?

I thought it would go as low as 2300 (currently 24xx and bouncing around).

I now think it could go below 2000, any opinions from other Stock watchers?
 
Was planning on cashing my small pension in at the end of the year to upgrade house it's lost 17 k since last week gutted
 
phill said:
Was planning on cashing my small pension in at the end of the year to upgrade house it's lost 17 k since last week gutted
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It should recover and hopefully before the end of year.
Although I am shorting at present I bought Ocado this morning. Must be booming with demand for online shopping.
They are up over 4% today against the grain of the big sell off.
At a loss with Gold which usually rises with a falling market. Bitcoin taking a big hit too.
 
Having done well following brexit, Sterling is now going south against the Euro and dollar.
Heading for a 52 week low against the Euro at this rate.
DOW finished down nearly -13% tonight 😲
 
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Whenever anything goes wrong why does Sterling go down and not the Euro or US Dollar?

Is it just classed as a weaker currency so people get out of it?
 
seasideone said:
Whenever anything goes wrong why does Sterling go down and not the Euro or US Dollar?

Is it just classed as a weaker currency so people get out of it?
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Brexit. Simple as that. The EU is a bigger stronger economy and closer to recovery from all this gubbins than the UK.
 
Crude is falling again. I'm currently on a call with my company's energy team and there's the potential for so much spare capacity that we COULD be heading for a $10 crude price.
 
It could all go Pete Tong.
Wouldn’t touch anything unless totally prepared to lose it. So small amounts only.
This could see the end of several big hitters, let alone the smaller companies
 
The only way is to short stock apart from Ocado ( up 12% in a few days) and Tesco.

Trump conducts his patriotic speech and Wall Street goes up as quick as Owens P after taking his Viagra.
Reality kicks in next day. This is a day traders cash machine. Simon Sadler must be raking it in.

Shorted Rio Tinto a few days ago in addition to Carnival,TUI, EasyJet and several others which will suffer badly.
 
Ocado now up over 20% in a couple or so days. Nice profit.
Maybe look at Vodafone soon as the amount of calls whilst we are in isolation!

There may be a rebound with travel stocks tomorrow as they announce bailing them out of the crisis.
May close my shorts and reverse in the morning
 
Personally I think they should probably ban shorting. You should have to actually own the shares before you can ‘sell’ them.
 
glasshalffull said:
Personally I think they should probably ban shorting. You should have to actually own the shares before you can ‘sell’ them.
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Simon Sadler would not have made his fortune without having to short at sometime. It is healthy for the stock market and yes “hedge funds”. They hedge both ways.
I will gladly buy shares when the time is right. Bought Ocado a few days ago and watching them fly against the falling market. Just bought Apple ahead of tonight’s Trump speech.
 
GrahamwantshisOates said:
It should recover and hopefully before the end of year.
Although I am shorting at present I bought Ocado this morning. Must be booming with demand for online shopping.
They are up over 4% today against the grain of the big sell off.
At a loss with Gold which usually rises with a falling market. Bitcoin taking a big hit too.
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Ocado have just announced their website will be shut until Saturday as it can't cope.
 
Happy to stand corrected if you are right Graham. If it is ALL healthy then fine, but some companies seem to get really targeted and then can’t raise finance etc.
I hear from my brother in law, for instance, there is a bit of scandal around Sirius Minerals being severely shorted by JP Morgan when part of the same bank was supposed to be organising their finance? Look what happened to them! Taken over for next to nothing by another American company.
There are murky waters in that there City of London if you ask me!
 
Sounds like the price of oil is collapsing? Stay away from the oil company shares whoever above on this thread was thinking of dabbling! Looks like the Saudis and Russians are grabbing market share?
 
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