Why Did The FTSE 100 Drop So Much!

[Keithoil]

Are the markets getting jittery, are they about to collapse!!!

 

Just checked my shares and they are down a fair bit.

 

I wanted to know why so started to look and found this.

 

http://www.dailymail.co.uk/money/markets/article-2793943/bis-warns-violent-market-crash-investor-confidence-share-prices-fall.html

 

Now I need to position myself to buy more should this materialise.

 

And you know if it does happen, PM's well lets just wait and see.

[Keithoil]

And this....

 

http://www.bbc.com/news/business-29548550

[Cointreau]

Keith, you probably should already have sold your entire portfolio.

I know I wish I had. I sold about half mine. Look out below.

I was in two minds about shorting the Dow this morning but I did nothing. Dohhh!

[Paul]

when the 'big crash/event' happens in the financial system like the 2008 crash, it will come like a thief in the night and you will only find out about it though the controlled mainstream media once it has actually happened

 

take you pick of an arm full of reasons what could set it off libya, syria, iran, israel, derivatives, terrorist attack, isis, IS, ISL, bank collapse, ebola spreading, another fukishima, country defaulting on debts, more reckless money printing

 

if you know in your heart of hearts something is wrong, get you money out of the stock market while and take your profits while on a high

[Cointreau]

Who's making big money out of this slump in the Dow Jones?

George Soros has a huge short position on and he's winning.

[HelpingHands]

I doubt the US will think too long before they start the next QE batch.

[Cointreau]

I sold my entire portfolio a month ago.. more than 25k.. because something was telling me that five years of gains was not normal... and here I am..

Great decision and great timing. You must be pretty pleased with yourself.

[HelpingHands]

What can people with pensions do in the UK? Most people don't seem to get involved here like the Americans do. Can you call up your pension company and lock in profits?

I don't have one.

[Cointreau]

What can people with pensions do in the UK? Most people don't seem to get involved here like the Americans do. Can you call up your pension company and lock in profits?

I don't have one.

Nor do I. One of my work colleagues who is 64 I think, he has seven different pensions. I was going to say something to him about that but I didn't get

round to it. He's in for a nasty surprise I reckon.

[Dune69]

I sold my entire portfolio a month ago.. more than 25k.. because something was telling me that five years of gains was not normal... and here I am..

 

Me too 4 months ago with some nice profits

 

Bought silver and gold and sat waiting on the roller coaster for the next ride

[Keithoil]

I sold my entire portfolio a month ago.. more than 25k.. because something was telling me that five years of gains was not normal... and here I am..

 

I am sititing on around 16k, Dooooh

 

Maybe I should have bailled out too.

[Keithoil]

As they say timing is everything.

[HelpingHands]

Nor do I. One of my work colleagues who is 64 I think, he has seven different pensions. I was going to say something to him about that but I didn't get

round to it. He's in for a nasty surprise I reckon.

He probably still wouldn't have acted like the people I've spoken too.

Ian King at half six sky news might be worth a watch.

[HighlandTiger]

Why has the stockmarket dropped so much? Because one stockbroker shouted jump, and the rest of the lemmings followed him over the edge.

 

Shares are nothing more than a posh mans version of betting on the horses. Both are full of chancers and gamblers, they all think they can beat the system, and in reality only about 0.1% will ever make a decent profit.

[Keithoil]

I am sat at around 15.5k now.

 

But that can all change in the blink of an eye.

[Keithoil]

If I dumped them that would get me around 19 oz of 1oz gold coins.

 

Mmmmmmmmmmmmmmmmmmmm.

[HighlandTiger]

Only one rule you need to know about stockmarkets, is that they will all eventually recover, whether it be in 1 year or 5 years or 10 years. If you've missed a profit making selling opportunity, chalk it up to experience. Leave your portfolio as it is, and in a few years time you'll be back in the black again.

[HelpingHands]

Do we really think this is game over for the markets? My guess is it's just a warning and the central banks aren't out of tricks.

It might all come down to Europe and whether Germany can be convinced to join the party.

[HighlandTiger]

If I dumped them that would get me around 19 oz of 1oz gold coins.

 

Mmmmmmmmmmmmmmmmmmmm.

 

And just after you do that, Gold will drop 20% 

[Keithoil]

And just after you do that, Gold will drop 20% 

 

Yep that sounds about right!!!

[Cointreau]

Why has the stockmarket dropped so much? Because one stockbroker shouted jump, and the rest of the lemmings followed him over the edge.

 

Shares are nothing more than a posh mans version of betting on the horses. Both are full of chancers and gamblers, they all think they can beat the system, and in reality only about 0.1% will ever make a decent profit.

That's the rich  and well connected folk who are privy to inside information.

It's no coincidence that people like Nancy Pelosi, Harry Reid, John Kerry, etc are rich as they have foreknowledge of policy decisions.

[HighlandTiger]

Yep that sounds about right!!!

Just noticed Keith, you've just hit the magic 1000 mark

 

that is the 1000 posts on the forum mark. Welcome to the 1000 club......

[Cointreau]

If I dumped them that would get me around 19 oz of 1oz gold coins.

 

Mmmmmmmmmmmmmmmmmmmm.

There aint much upside from here, is there! Stock markets I mean.

[Keithoil]

That's the rich  and well connected folk who are privy to inside information.

It's no coincidence that people like Nancy Pelosi, Harry Reid, John Kerry, etc are rich as they have foreknowledge of policy decisions.

 

Errrrmmmmmm isn't that called insider trading and illegal.

[HighlandTiger]

That's the rich  and well connected folk who are privy to inside information.

It's no coincidence that people like Nancy Pelosi, Harry Reid, John Kerry, etc are rich as they have foreknowledge of policy decisions.

Exactly the same as professional gamblers with their inside knowledge of horses and stables.