Craig_ Posted August 24, 2015 Share Posted August 24, 2015 Can't believe there's not a thread on this already. China's taken a shoeing overnight, down 8% or so. Stock markets across Europe plummeting and the Footsie now down to around 5,900. Absolute carnage out there and doesn't seem to be stopping any time soon! And Wall Street opens shortly. Where will it end?! Link to comment Share on other sites More sharing options...
Norm Posted August 24, 2015 Share Posted August 24, 2015 Can't believe there's not a thread on this already. China's taken a shoeing overnight, down 8% or so. Stock markets across Europe plummeting and the Footsie now down to around 5,900. Absolute carnage out there and doesn't seem to be stopping any time soon! And Wall Street opens shortly. Where will it end?! Probably something like Mad Max 2. Link to comment Share on other sites More sharing options...
graygo Posted August 24, 2015 Share Posted August 24, 2015 Pretty sure the correct answer is Tuesday. Link to comment Share on other sites More sharing options...
Ryan Jarman Posted August 24, 2015 Share Posted August 24, 2015 Bubble was always going to burst. Ridiculous amount of unsophisticated private investors pushing percentage points skywards while the economy wasn't, seeing it as a better and quicker way to invest instead of small percentage savings accounts. The difference in share price available on shares being traded on the domestic side and that of the foreign was huge, domestic bidding being well above an sensible approximation of worth. Link to comment Share on other sites More sharing options...
Dagger Is Back Posted August 24, 2015 Share Posted August 24, 2015 You can be sure that someone out there will be making a killing Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted August 24, 2015 Share Posted August 24, 2015 The stock market going up dramatically is never news. Therefore, the stock market going down dramatically should never be news either. Shares go up and down in value. I couldn't give a flying **** if people have lost loads of money. It's their risk. Link to comment Share on other sites More sharing options...
GlasgoJambo Posted August 24, 2015 Share Posted August 24, 2015 Pretty sure the correct answer is Tuesday. Link to comment Share on other sites More sharing options...
hughesie27 Posted August 24, 2015 Share Posted August 24, 2015 Fantastic news for me as I transfer money to my Aus account Link to comment Share on other sites More sharing options...
Ribble Posted August 24, 2015 Share Posted August 24, 2015 You can be sure that someone out there will be making a killing Quite happy to see my works share price drop 2.5% today and more than 10% in the last month as it's getting near this years Sharesave release so will make the buying price all the more appealing! Link to comment Share on other sites More sharing options...
Craig Gordons Gloves Posted August 24, 2015 Share Posted August 24, 2015 Quite happy to see my works share price drop 2.5% today and more than 10% in the last month as it's getting near this years Sharesave release so will make the buying price all the more appealing! On the flip side, my restricted stock awards came up last week and they're now worth around 8% less than they were when i couldn't sell them... Link to comment Share on other sites More sharing options...
Craig_ Posted August 24, 2015 Author Share Posted August 24, 2015 Quite happy to see my works share price drop 2.5% today and more than 10% in the last month as it's getting near this years Sharesave release so will make the buying price all the more appealing! Pah. Our's came out last week! Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 24, 2015 Share Posted August 24, 2015 The stock market going up dramatically is never news. Therefore, the stock market going down dramatically should never be news either. Shares go up and down in value. I couldn't give a flying **** if people have lost loads of money. It's their risk. If you've got a private or company pension then you've just lost loads of money as well because almost all pension funds invest in the stock market to some degree. Link to comment Share on other sites More sharing options...
Masonic Posted August 24, 2015 Share Posted August 24, 2015 Plenty of vids on youtube predicting this because the end of the last two astronomical moon cycles have coincided with huge market crashes the expected date is around september 20th for the big one however i dont trade stocks because i know that there is too much insider trading for it to be a sustainable long term strategy plenty of guys done it during the late 90s and early 2000s making phreeeee monies but then we had "computer glitches" and panic selling and a lot of guys went broke and quit the game to go into banking or private investing where they can use other peoples money for all the risks they take. Link to comment Share on other sites More sharing options...
Nickelstaff Posted August 24, 2015 Share Posted August 24, 2015 If you've got a private or company pension then you've just lost loads of money as well because almost all pension funds invest in the stock market to some degree. You can't lose something you never had. Until shares are sold - their value means little. Link to comment Share on other sites More sharing options...
Cade Posted August 24, 2015 Share Posted August 24, 2015 The Billionaire's Ladbrokes in soapy bubble again? Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted August 24, 2015 Share Posted August 24, 2015 If you've got a private or company pension then you've just lost loads of money as well because almost all pension funds invest in the stock market to some degree. Firstly, I'm in my 30s so today's fall is totally inconsequential in the grand scheme. Secondly, people's pension funds are getting smashed to bits and changed constantly anyway so the idea that a strong stock market makes a difference is total nonsense. Link to comment Share on other sites More sharing options...
Masonic Posted August 24, 2015 Share Posted August 24, 2015 i would like to add that its possible todays market slump was caused by whats been happening all over the world in recent weeks such as the attack in france, meteor in iran and explosions in thailand china and japan Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 24, 2015 Share Posted August 24, 2015 Firstly, I'm in my 30s so today's fall is totally inconsequential in the grand scheme. Secondly, people's pension funds are getting smashed to bits and changed constantly anyway so the idea that a strong stock market makes a difference is total nonsense. Absolutely totally agree with that, however there will be plenty of folk who are set to retire in the next few months and won't have the time to make back the losses they incurred today and that could have a huge impact on them. For the folk like yourself who has 30 years still to go, today's events make little difference to you, but there will be others who are really worried now. And the second part, where did I say you needed a strong stock market? Link to comment Share on other sites More sharing options...
pablo Posted August 24, 2015 Share Posted August 24, 2015 Can someone explain in layman's terms why they can't just reset everything to zero and start again? Always wondered that. Link to comment Share on other sites More sharing options...
Nickelstaff Posted August 24, 2015 Share Posted August 24, 2015 Can someone explain in layman's terms why they can't just reset everything to zero and start again? Always wondered that. Because "money" becomes worthless and the entire charade collapses. Far better to suck money out of willing suckers instead. Link to comment Share on other sites More sharing options...
Masonic Posted August 24, 2015 Share Posted August 24, 2015 Can someone explain in layman's terms why they can't just reset everything to zero and start again? Always wondered that. what would they reset it to? there is no default value! it goes up and down based on economics factors, world events and company progress just because its way down doesnt mean everyone is losing many people are getting mega rich today it all depends if ur trades were set up to buy or sell. Link to comment Share on other sites More sharing options...
pablo Posted August 24, 2015 Share Posted August 24, 2015 what would they reset it to? there is no default value! it goes up and down based on economics factors, world events and company progress just because its way down doesnt mean everyone is losing many people are getting mega rich today it all depends if ur trades were set up to buy or sell. Yeah I know some get rich from the fluctuations of the market, and that's basically the point. It doesn't sit right that a relatively small number of people can take advantage while the average person's pension pot takes a hammering. Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted August 24, 2015 Share Posted August 24, 2015 Absolutely totally agree with that, however there will be plenty of folk who are set to retire in the next few months and won't have the time to make back the losses they incurred today and that could have a huge impact on them. For the folk like yourself who has 30 years still to go, today's events make little difference to you, but there will be others who are really worried now. And the second part, where did I say you needed a strong stock market? In fairness you didn't although it is implied that a strong stock market is good for pensions. That would be true if companies didn't keep butchering their pension schemes and move the goalposts. Link to comment Share on other sites More sharing options...
Neil Jung Posted August 24, 2015 Share Posted August 24, 2015 In fairness you didn't although it is implied that a strong stock market is good for pensions. That would be true if companies didn't keep butchering their pension schemes and move the goalposts.You talk some mince. Link to comment Share on other sites More sharing options...
niblick1874 Posted August 24, 2015 Share Posted August 24, 2015 Can't believe there's not a thread on this already. China's taken a shoeing overnight, down 8% or so. Stock markets across Europe plummeting and the Footsie now down to around 5,900. Absolute carnage out there and doesn't seem to be stopping any time soon! And Wall Street opens shortly. Where will it end?! I mentioned it on here Friday. Check out the end times thread. All I got was derision from the usual shills and trolls. All the experts that did not have an agenda were telling us this was coming and it would be way beyond anything that has come before. They may or may not be able to keep it going for a short time but what is just around the corner will not be a pretty sight. Link to comment Share on other sites More sharing options...
Mysterion Posted August 24, 2015 Share Posted August 24, 2015 The market has been horrendous today... i've been looking to sell a load of shares but my holding out (and general greed) has come back to bite me in the ass... hopefully it'll recover. Link to comment Share on other sites More sharing options...
Masonic Posted August 24, 2015 Share Posted August 24, 2015 70bn in one day wow could take years to get back to last months levels Link to comment Share on other sites More sharing options...
Masonic Posted August 24, 2015 Share Posted August 24, 2015 is that right 5 trillion globally? makes the 70bn from uk look like pennies Link to comment Share on other sites More sharing options...
indianajones Posted August 24, 2015 Share Posted August 24, 2015 just secured my first mortgage. fixed for 2 years... good or bad time for it? Not complaining about fuel prices at the moment to be honest. Lowest value in over 6 years. Something like ?40 a barrel. Link to comment Share on other sites More sharing options...
Cade Posted August 24, 2015 Share Posted August 24, 2015 Stock markets are jittery things. As soon as one bad thing happens to one company, investors sell everything in a mad panic. That reduces the value of that company. That then reduces the index that company is part of. Investors then see the entire index going down so sell off everything in every company in that index. That then causes the entire regional market to fall. Investors in other countries see this and start selling off shares that are linked to that regional market. This then causes their own regional markets to fall. More panic, more selling, more falls, more panic, more selling and so on and so on until the entire global stock market grinds to a halt. Everybody then suffers as companies shed jobs in an effort to increase profits, prove that investors will get a return on their money and to build confidence in the market again. The sad fact is that most investors are other companies, with private investors making up a tiny percentage of the market. Companies gamble the profits they make from the money we give them for their goods and services and the results are either job losses for us or even more money for them. Don't even get me started on commodities dealers (!) Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted August 24, 2015 Share Posted August 24, 2015 You talk some mince. Do you have a private pension scheme? I ask that knowing that you work for the EEN and they have one. Link to comment Share on other sites More sharing options...
Riddley Walker Posted August 24, 2015 Share Posted August 24, 2015 I mentioned it on here Friday. Check out the end times thread. All I got was derision from the usual shills and trolls. All the experts that did not have an agenda were telling us this was coming and it would be way beyond anything that has come before. They may or may not be able to keep it going for a short time but what is just around the corner will not be a pretty sight. What do you anticipate happening? Link to comment Share on other sites More sharing options...
Neil Jung Posted August 24, 2015 Share Posted August 24, 2015 Stock markets are jittery things. As soon as one bad thing happens to one company, investors sell everything in a mad panic. That reduces the value of that company. That then reduces the index that company is part of. Investors then see the entire index going down so sell off everything in every company in that index. That then causes the entire regional market to fall. Investors in other countries see this and start selling off shares that are linked to that regional market. This then causes their own regional markets to fall. More panic, more selling, more falls, more panic, more selling and so on and so on until the entire global stock market grinds to a halt. Everybody then suffers as companies shed jobs in an effort to increase profits, prove that investors will get a return on their money and to build confidence in the market again. The sad fact is that most investors are other companies, with private investors making up a tiny percentage of the market. Companies gamble the profits they make from the money we give them for their goods and services and the results are either job losses for us or even more money for them. Don't even get me started on commodities dealers (!) To be fair more money for companies typically means more jobs. Can't have it both ways. Link to comment Share on other sites More sharing options...
Neil Jung Posted August 24, 2015 Share Posted August 24, 2015 I mentioned it on here Friday. Check out the end times thread. All I got was derision from the usual shills and trolls. All the experts that did not have an agenda were telling us this was coming and it would be way beyond anything that has come before. They may or may not be able to keep it going for a short time but what is just around the corner will not be a pretty sight.A market correction was anticipated to be fair. China's problems aren't new news. Link to comment Share on other sites More sharing options...
Masonic Posted August 24, 2015 Share Posted August 24, 2015 NYSE livestream from youtube -390! https://www.youtube.com/watch?v=EebOb3Mry1U Link to comment Share on other sites More sharing options...
The Don Posted August 24, 2015 Share Posted August 24, 2015 So far today alone my Holiday is now costing me an extra ?48 as my hotel price was booked in Euros price, I was hoping for the ? to rise more as was predicted for the last week or so, meaning my hotel would be costing me less. Looks like I might have to pay early to avoid more extra cost. Stock markets affect everything economically, you don't have to have a private pension or be an OAP to suffer a knock on effect of a stock market crash. Link to comment Share on other sites More sharing options...
aussieh Posted August 24, 2015 Share Posted August 24, 2015 Does this mean, another war is on its way?. Link to comment Share on other sites More sharing options...
Bert Le Clos Posted August 24, 2015 Share Posted August 24, 2015 It's much like hibs.net after yet another failed Scottish Cup campaign. Link to comment Share on other sites More sharing options...
Cade Posted August 24, 2015 Share Posted August 24, 2015 To be fair more money for companies typically means more jobs. Can't have it both ways. Then they should use their profits to create more jobs in the company, not gamble it away on the stock market. Link to comment Share on other sites More sharing options...
Masonic Posted August 24, 2015 Share Posted August 24, 2015 -600 wow Link to comment Share on other sites More sharing options...
niblick1874 Posted August 24, 2015 Share Posted August 24, 2015 A market correction was anticipated to be fair. China's problems aren't new news.Is the correction you are talking about the same as what will happen when china's bubble goes pop? Link to comment Share on other sites More sharing options...
Neil Jung Posted August 24, 2015 Share Posted August 24, 2015 Then they should use their profits to create more jobs in the company, not gamble it away on the stock market.That's not how things work. Companies are run to make a profit and everyone can be a part of it if they choose to invest. Not there to solve the unemployment problem. Link to comment Share on other sites More sharing options...
Neil Jung Posted August 24, 2015 Share Posted August 24, 2015 Is the correction you are talking about the same as what will happen when china's bubble goes pop?Bubbles are nothing new when it comes to the markets. China's bubble was always going to burst. Link to comment Share on other sites More sharing options...
Cade Posted August 24, 2015 Share Posted August 24, 2015 That's not how things work. Companies are run to make a profit and everyone can be a part of it if they choose to invest. Not there to solve the unemployment problem. And that way of thinking is exactly why we're in the shit. Again. Link to comment Share on other sites More sharing options...
Neil Jung Posted August 24, 2015 Share Posted August 24, 2015 And that way of thinking is exactly why we're in the shit. Again.Who's in shit? Are you suggesting some form of communism is the way forward? Markets rise and fall. Link to comment Share on other sites More sharing options...
niblick1874 Posted August 24, 2015 Share Posted August 24, 2015 Bubbles are nothing new when it comes to the markets. China's bubble was always going to burst.There are that many bubbles out there that have been falsely kept inflated so they can be milked to their max. They have now been milked to their max and whether by design or because they can't stop it, they are all about to go pop. I would be over the moon if it was not the case but I fear that this is what we are seeing the beginning's of now. The one thing that is confusing me is the fact that the likes of a scumbag like Brown is telling everyone the same thing (I'll bet he is not giving the same reasons why it will happen). Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted August 24, 2015 Share Posted August 24, 2015 Markets are praying for another sugar rush of funny money to re-inflate asset prices. Hopefully that won't happen and the markets now find their true level. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted August 24, 2015 Share Posted August 24, 2015 One other thing to remember - the Chinese are massive gamblers (8 August is the day to own a casino) and the ones facing wipeout here are small investors encouraged to "save" by pouring money into shares. Whether that has any political ramifications remains to be seen. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted August 24, 2015 Share Posted August 24, 2015 And that way of thinking is exactly why we're in the shit. Again.You don't invest to create jobs though. You invest to support innovations to improve your business which in some cases will create jobs. Link to comment Share on other sites More sharing options...
Neil Jung Posted August 24, 2015 Share Posted August 24, 2015 One other thing to remember - the Chinese are massive gamblers (8 August is the day to own a casino) and the ones facing wipeout here are small investors encouraged to "save" by pouring money into shares. Whether that has any political ramifications remains to be seen.correct Link to comment Share on other sites More sharing options...
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