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YAIYAM
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Joined: 21 Feb 2006
Posts: 9140
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 Posted: Thu Nov 20, 2008 9:05 pm Post subject: |
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As for all the other points i am with geordie there are far to many ego's in the city who frankly are not as clever as they think they are and to put it politly have ****** up the country for alot of the rest of the people through there own greed and very very short sightness
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Owl of Minerva
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Joined: 08 Nov 2006
Posts: 7208
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| Posted: Thu Nov 20, 2008 9:18 pm Post subject: |
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Only a couple of months ago we were talking about it heading down to 4 figures and now we have a 7500 Dow  |
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cre8flow
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Joined: 28 Mar 2006
Posts: 1661
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| Posted: Thu Nov 20, 2008 9:51 pm Post subject: |
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| cre8flow wrote: | | lochsong wrote: | Referring back to Jimbob's original post, I've just got my bonus and might want to invest it.
I've read people say they would buy at FTSE 4000. Is this well below the trend line?
I'd like to ask the advice of the forum financial gurus - is this the end of capitalism as we know it or should I get on-line and buy me a few shares now? Or wait a bit longer?
Thanks in advance.  |
could be in for some rough years
just believe we are in the era of hype which leads to wild swings
value is here now-3 years from now people will be saying why didnt i get in at 8600-or 7500 |
i thought it might get to 7500
but who knows
the 7500 level is dunkirk
cant see it going much further down but if it goes lower than that number LOOK OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
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theGoingStick
Moderator
Joined: 21 Nov 2006
Posts: 12036
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| Posted: Thu Nov 20, 2008 10:03 pm Post subject: |
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| The markets will drop further as the global recession starts to bite. I read in the paper 20,000 people in the UK were made unemployed in the past two weeks |
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cre8flow
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Joined: 28 Mar 2006
Posts: 1661
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| Posted: Thu Nov 20, 2008 10:08 pm Post subject: |
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| what 5k?????????????????????????????? |
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accajacca
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Joined: 18 Dec 2007
Posts: 1330
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| Posted: Fri Nov 21, 2008 9:04 am Post subject: |
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| geordie_racer wrote: | | accajacca wrote: | | geordie_racer wrote: |
let the markets collapse
frankly we'd all be better off. |
if you honestly believe that you need to come out of the past and sip on a glass of reality.
do you know what proportion of this country's economy is made up by financial services? are you aware that our last exportable, high demand, competitive area is our service industry? do you know what proportion of tax and expenditure is accounted for by people working in the city? or simply the number of people employed by financial firms in london?
of course not, which is why you would make such a silly comment.
i know it's very easy to be critical of the city at the moment and blame the actions of a reckless few on an entire industry, but to be completely frank, you take away the city and you strip england of some of its brightest minds, most exportable "products", and take away the tax money that subsidises the failure of other parts of the country to adjust to the collapse of our mining and manufacturing industries.
hate the city and the market as much as you want (although it will only come accross as underinformed bitterness) but at least accept that the whole country would be poorer without it.
note - this is as much a rant against the attitude you share with so many people at the moment as it is against your specific comment. |
a country built out of coal wuith fertile land surrounded by n ocean full of fish and a load of oil
the mother country of the majority of inventions that have shaped the modern world, from the steam engine to the computer
why is our most exportable thing "financial services"? because for 30 years we have been run by bankers and accountants who have looked at short term gain (import coal and close the mines, close the shipyards, sell off our water, gas and electricity to overseas investors selll our gold etc etc) for long term pain (PFI debt, gas delivered at the whim of the ussian pipeline, etc etc)
The strength of our financial services industry was based upon its probity, that is shot through with more holes than a swiss cheese now.
Equally, we have rather brilliantly nationalised the banks' debts, biut not their assets; how is that a clever idea?
it is these very financial institutions who employ so many people, who create so much illusory wealth and who actually produce NOTHING that hs lead us to the cusp of the biggest recession since the 1930s. grossly irresponsible business practices, lending money to people who could not repay it, lending against future profits which have not been made, short selling stocks to make a profit which is created by negative briefings against totally sound companies. Sorry, but the market has not worked and has been allowed o go unregulated and uncontrolled for far too long. It's broken, and like a spoilt child it wants another turn with another toy paid for by the rest of us.
If the banks want our money, they can have it, but in return for ownership. thats what an investor gets for "recapitalising" a buiness. If the market is so clever, so wonderful, and the people running it so brilliant, they can get their personal frtunes and pension funds out and put THEIR money into the system. I fail to see why my money should go into ti when I am getting nothing out.
To sugest that state ownership of these things is "the dark ages" by the way is laughable, becuase state funding is the only thing keeping these oh-so-modern institutions away from the door of the Official Receiver.
As for "sharing an attitude" with people; yes... the very people whse tax money is being poured into the greedy throats of the pigs who are STILL at the trough. |
you make some points with which i agree, others with which i do not. all irrelevent, because the point i was making was that in no way would the people of england be better off if the market were to completely collapse - which was your original point before you started clouding the issue with the above. |
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accajacca
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Joined: 18 Dec 2007
Posts: 1330
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| Posted: Fri Nov 21, 2008 9:19 am Post subject: |
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| YAIYAM wrote: | but to be completely frank, you take away the city and you strip england of some of its brightest minds,
This statement is totally laughable as I have never worked in the city and have no intention of ever doing so. |
a bright mind such as yours will have spotted the "some of" in the middle
anyway, back to the market (we should really have a separate "economy" thread) FTSE up 30 today, dow futures 300 points higher than last night's close, which was the lowest in something like 6 years...
yet again, i am so glad it's friday, and yet again i will be on it tonight |
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Machiavellian
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Joined: 17 Mar 2008
Posts: 1739
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| Posted: Fri Nov 21, 2008 10:50 am Post subject: |
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| accajacca wrote: |
yet again, i am so glad it's friday, and yet again i will be on it tonight |
Decadent bourgeoisae!
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accajacca
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Joined: 18 Dec 2007
Posts: 1330
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| Posted: Fri Nov 21, 2008 10:59 am Post subject: |
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| Machiavellian wrote: | | accajacca wrote: |
yet again, i am so glad it's friday, and yet again i will be on it tonight |
Decadent bourgeoisae! |
i know, using YOUR tax money too |
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MT VESSELS
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Joined: 02 Mar 2007
Posts: 3173
Location: WIRRAL
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| Posted: Mon Nov 24, 2008 4:09 pm Post subject: |
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Acca must be making a mint today.
Markets reacting well to Citi and pre budget report
MT jnr
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accajacca
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Joined: 18 Dec 2007
Posts: 1330
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| Posted: Mon Nov 24, 2008 4:22 pm Post subject: |
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| MT VESSELS wrote: | Acca must be making a mint today.
Markets reacting well to Citi and pre budget report
MT jnr |
we are cetainly doing good business, but as ever, doesn't make alot of difference to me whether it goes up, down or sideways - as long as we see big volume i'm happy |
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