Dow Jones Down - Again!

[mxm]

Has anyone caught the nice 300 point drop today on the Dow Jones?

[Jrc]

Originally Posted by mxm

Has anyone caught the nice 300 point drop today on the Dow Jones?

My portfolio is weighted too much in favour of oil and mining stocks so have faired better than the market recently but in the long term I need to make it more balanced.

I saw the LSE made a mess of things today but makes the graph of todays FTSE look more interesting.

http://newsvote.bbc.co.uk/1/shared/f.../3/default.stm

[uglygit]

you guys aren't accountants by any chance?

[mxm]

Originally Posted by uglygit

you guys aren't accountants by any chance?

there are a few laying around if needed

the markets are heavy with woe... but then again if a few *biggies* had listened to the mailboys in the lower depths of the office block it would not have happened again so quickly...




we managed to grab this to prove to some of our uk based clients that they had NOT made a profit in the last 10 mins of uk trading! the extended trading hours in the uk just made the lse look so old!

be also very interesting to see why anyone in the uk thinks that the sub-prime and sour debt here will not stop a crash in the uk and europe in Q2 2008... even a monkey can see where this graph is going

[GreyWing]

Me personally I can't see the sub prime crash happening over here for 2 reasons, immigration propping up the market and we don't have the room to build endless housing developments like they do in the US. We might have a little slow down but not a crash. Although if immigration stops or even reverses then we are in the sh@#.

Again to confirm my crazyness and against the the grain, I don't think there will any interest rate drops next year, possible even going up. Inflation in china is running at 6-8% and when that hits our imports, bang up goes our inflation which has been kept low by cheap goods from the far east.

Not looking good for some next year though except for you guys in oil and gold.

GW

[Jordan]

Domains ftw!