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FTSE 100 CRASH

This entry was posted by Sam Jones on Friday, October 10th, 2008 at 8:09 and is filed under M&A, Capital markets, Private equity, Hedge funds, People. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

1. Oct 10   9:37 Posted by Ed [report]

   Not sure about a crash, but according to the BBC website, it’s definitely a “tumble”

2. Oct 10   9:35 Posted by SAFE HAVEN [report]

   .
   Was just pointing out that….

   Gold is making new all time highs in sterling terms - which is what matters if your local currency is sterling.

   Most people only look at the dollar price of gold.

3. Oct 10   9:20 Posted by potnoodle [report]

   eat me

4. Oct 10   9:19 Posted by stocious [report]

   buy buy buy - when the ftse hits 2800! swing low sweet chariot….

5. Oct 10   9:19 Posted by JD [report]

   @ SAFE HAVEN - whats going on with the gold prices?

6. Oct 10   9:12 Posted by SAFE HAVEN [report]

   .
   www.kitconet.com/charts/metals/gold/2a-gbp-us-d-Large.gif

   Gold in pounds sterling - left hand scale - Blue

   Gold US Dollars - right hand scale - Red

7. Oct 10   9:08 Posted by test [report]

   test

8. Oct 10   9:04 Posted by Red [report]

   Gordon Brown calls snap General Election under slogan “Stop the greedy rich”

   Landslide predicted

9. Oct 10   9:01 Posted by Prometheus [report]

   http://tinyurl.co.uk/bkva

   Gold in pounds sterling - left hand scale - Blue

   Gold US Dollars - right hand scale - Red

10. Oct 10   8:59 Posted by SAFE HAVEN [report]

    .
    http://tinyurl.co.uk/bkva

    Gold in pounds sterling - left hand scale - Blue

    Gold US Dollars - right hand scale - Red

11. Oct 10   8:58 Posted by Dead Ringa [report]

    @super SWF - Right, when the buy on capitulation mob capitulates the buy on, buy on capitulator, capitulation crew can buy….

    Anyone else’s pension pot now too small to hold a night’s water?

12. Oct 10   8:55 Posted by Throg [report]

    On a day like this, there is only one question:

    PRTY?

    ;-)

13. Oct 10   8:48 Posted by VIX [report]

    once redemptions have taken place and we bottom (probably shortly) funds will be put to work again in equity as various stimulus takes effect and credit markets calm themselves down - I’m not a bull just a little bear…

14. Oct 10   8:44 Posted by HectorTheDog [report]

    @Mazhar - see you at 3400 mate. this was my most pessimistic “estimate” (i.e. random low number)

15. Oct 10   8:44 Posted by Super SWF [report]

    Time to buy is when Anthony Bolton stops writing articles …

16. Oct 10   8:42 Posted by H Mazhar [report]

    so my prediction of FTSE @ 3500 is realistic I guess then .

    Never though it would happen so fast

17. Oct 10   8:40 Posted by curious [report]

    thanks hector i guess those redemptions will be pulling money from all over the globe too to meet redemptions - this is scary!

18. Oct 10   8:38 Posted by VIX [report]

    It will be that old model of a few dominant banks and tinpot players disappearing with less competition remaining replacing lost risk profit with steady incremental growth

19. Oct 10   8:38 Posted by Sterling [report]

    So much so that HBOS’s trading platform is UNAVAILABLE - shocking - see www.iwebsharedealing.co,uk while they “execute improvements”…

    IWeb Share Dealing
    Service Unavailable
    We are committed to improving our service.
    To enable us to make these improvements, our online service is temporarily unavailable.
    We apologise for any inconvenience this may cause.

    If you require assistance, please contact our Customer Care team on 0870 412 7060:
    Monday to Friday - 8am to 9.15pm
    (Closed weekends and English Bank Holidays)

20. Oct 10   8:38 Posted by Tears for Tier 1 [report]

    unusual headlines of the day #23
    “HM Government nationalizes West Ham under Terrorism Act”

21. Oct 10   8:37 Posted by HectorTheDog [report]

    @curious - the FT’s “Short View” column suggests retail redemptions from mutual funds are partly to blame for the late US selloff (along with margin calls)

22. Oct 10   8:35 Posted by praxis22 [report]

    Yeah, I have his (Panzer’s) book, not read it yet though, the great crash 1929 is good by Galbrath though

23. Oct 10   8:34 Posted by coffin dodger [report]

    @VIx - yep they may be way oversold, but that is assuming conventional wisdom on a now outdated model - we’re headed into new terriotory here

24. Oct 10   8:31 Posted by Dead Ringa [report]

    Bottom pickers and Capitulators - have a look at 1929-1933 graph :-

    http://www.financialarmageddon.com/

25. Oct 10   8:30 Posted by VIX [report]

    some of the large banks are way oversold - they make money in bad times too…

26. Oct 10   8:29 Posted by curious [report]

    is this a 2-day delay from cramers sell sell sell warning? in the uk it takes 2 days for pension changes to actually take effect, is this thesame in the US? have just noticed that India is down nearly 10% too and they have cut rates by 1% after cutting by 0.5% a few days ago. If the 2 day thing is true in the states could this be the effect of a huge amount of retail activity after cramers warning or is it just general fear??

27. Oct 10   8:27 Posted by coffin dodger [report]

    @VIX - I think we’re done with greed for the next 10 years

28. Oct 10   8:26 Posted by VIX [report]

    when will fear turn to greed I wonder -watch out shorties

29. Oct 10   8:24 Posted by HectorTheDog [report]

    I do love the helpful downward-pointing arrow

30. Oct 10   8:24 Posted by TB [report]

    Hat tip to Austrian Banker:

    http://mises.org/rothbard/agd.pdf

    Well worth a read….

31. Oct 10   8:23 Posted by Contrarian [report]

    another panic, er, co-ordinated interest rate cut later today? Inflation? Pah, what’s that?!

32. Oct 10   8:22 Posted by Lemmy [report]

    Oh to be colourblind

33. Oct 10   8:19 Posted by raider [report]

    pretty redish