x friday is the day of prayer in muslim countries and most have friday and saturday as the weekend so i think sunday is atrading day

today looks like a potential bloodbath, dont panic mr mannering!

some guy in America plenty selling on the up days

longterm Buffett

If the FTSE 100 closed last night at 5875 and opens at 5800, while billions have been wiped off the value of shares, none have been sold at that point. How much of these moves are trades and how much are the market movers just moving the goalposts? A fair percentage of the moves must be caused by the market makers trying to shake out private investors. What caused the markets to move up significantly yesterday and down significantly today makes little sense. Are the falls of the oil price and China largely done? If so, much more stability should soon enter the market.
I have been doing a little trading, selling some stuff yesterday and buying it back today. By the time you have paid the stamp duty and dealing charges, there's not much to be gained unless you are trading very large sums.

most of those who foresaw the first crash have consistently said that nothing has been fixed. amazingly these people get very little air time in the mainstream media. instead when economics is discussed the 'experts' who didnt see the biggest crash since 1929 coming  are wheeled out and surprise, surprise they dont see much wrong again.

if anyone thinks the current problems in the stock markets are all because of china and oil then they are deluded. there are huge bubbles all over the place (ipo, tech, shale, bonds, property, etc, etc) and debts that can never be repayed. the powers that be have merely delayed the inevitable and have made it worse by piling up even more debt.

i see the people who both caused the crisis and benefit from it are currently in davos planning new ways to fleece the rest of us.

Those that have been sitting on the sidelines since 2009 waiting for a crash have missed out of a 75% rise of the FTSE-All share. If an almighty crash comes, I'd expect the value of 99.9% of things to go down. Shares, bonds, property, gold the whole lot. Where are you going to put your money? The bulk of the part of mine that I control are in retail bonds, with smaller amounts in equities, property funds, gilt funds and some strategic bonds.

stow that is true but its not based on fundamentals is it? its based on the misallocation of capital caused by zero interest rates and qe to infinity. i've been expecting another crash but even if there isnt another dramatic event we will not get back to normal growth rates for a long time, we are already at nearly a lost decade. the lot of most people has no chance of improving in the forseeable future. my money (there isnt that much of it) is under my bed!

polybot i like to believe in personal reponsibility so the public must take some blame for taking on reckless levels of debt. however, the average person is not financially litereate and the banks didnt have to work too hard to got them on the debt cycle. i doubt too many people in brighton, in croydon, in east fife, or in wallsend were involved in manipulating interest rates, manipulating exchange rates, manipulating the price of gold, or money laundering for drugs cartles and terrorists. i also cant understand why the ppi scandal is known as the ppi mis-selling scandal as i think it was plain and simple fraud, people were sold products which were designed in such a way that they could not claim on them.

the other thing that really gets my goat and which no one on here or in the real world has ever given me a decent answer to is the role of the big accoutancy firms in all of this. all the companies that went bust had audited accounts saying they were in good health not long before they went belly up. there should be nothing done off balance sheet imo and no shadow banking system.

iceland let the banks go bust and jailed bankers who engaged in illegal activity. they has a short sharp recession and things are now improving yet this doesnt get much news coverage.

It's certainly not based upon the fundamentals of old! The saying "don't fight the fed" (or central banks) has meant we have been unable to trade on fundamentals for some time. Most of my investments are fundamentally based. e.g My retail bonds are a bet on the companies not going out of business for the term of my bonds and continuing to pay the coupons, then refunding the principal. Two of my smaller staked bets look some way from safe! (Premier oil & Enquest).

Meanwhile "Britain's unemployment rate has reached its lowest level in a decade" so all here is rosey

DJIA down 3% today before lunch.
The Down Jones

FTSE100 down to 203.22 or 3.46% at close.


''Brother can you spare a dime?''

and he will come on tv and say the same everyday until he is eventually right and then claim he saw the signs that a rise was coming

he was a she who is probably selling and looking for some suckers to offload on.

this is where osbournes plan dont make any sense,despite all his rhetoric,protecting us from the rest of the worlds ills,high employment,growth,because we,ve sold our arse to the rest of the world and the ft 100 is made up of international companies everybodys pensions,isa,s investments taking a caning anyway ,and osbourne ,carnet send everyone to hell in a handcart to protect houseprices,and the army of BTL landlords they helped create

Not only will dividends be cut or not paid, but companies will go out of business and there will be takeovers & mergers too.
Nobody can accurately predict the oil price, so nobody knows whether the fall will continue, whether it will flatten, or whether it will turn.
Normally a cut in production would follow this type of collapse in prices and the supply/demand process comes into play.

stow while everything may go down i still think owning some gold is a good idea as its a real tangible asset and gold has been money for 5000 years. better that than bits of paper that are completely worthless?

derivatives
off balance sheet activities
dodgy accounting standards
bail ins now enshrined in law

i actually hope i'm wrong btw

but even if all was well in the world we are doomed as the true level of debt is so high in the uk.

we manufacture little and rely on the nefarious practices of the city of london to get by so are in a worse position than most other major countries.

brown claimed our problems were all caused by the collapse of lehman which was patently wrong, if osborne tries the same trick it would be wrong to fall for it. stow do you think there has been any meaningful reform in the banking sector?

Hardly doing anything to boost sentiment, stock market crashes around the world. consumers going to hold on to their cash if they have any. Another recession looms large with no levers left to pull

lots of theoretical money in housing in UK, be interesting if people try and cash out this year

wrt reform

http://www.bbc.co.uk/news/business-20811289

https://en.wikipedia.org/wiki/Regulatory_responses_to_the_subprime_crisis