| Banks and Global recession. 23:00 - Feb 10 with 8115 views | Brightonhoop |
Looking at it all there's a huge wobble going on, Barclays have dropped nearly 50 pence a share in recent weeks, Lloyds well under 60p a share again, Osborne has sacked Governments sale of their remaining stake due in March/April. Credit Suise publicly claiming not to be in trouble
Are we back on the brink? | | | |  |
| Banks and Global recession. on 20:06 - Feb 11 with 1288 views | derbyhoop |
We already have. In Poland. | |
| "Travel is fatal to prejudice, bigotry and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the Earth all one's lifetime." (Mark Twain)
Find me on twitter @derbyhoop and now on Bluesky |
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| Banks and Global recession. on 22:23 - Feb 11 with 1234 views | Lblock |
I've read this thread with great interest and having recently handed my notice in it was a factor in my decision
But what nobody has really mentioned is the media and their role
Last time we were heading for recession the media at large were falling over themselves to report how bad things were and how worse it was going to get. It was almost like they couldn't wait for the next doom story which added to the spiral of awful confidence. Everyone in 2008 was told every day that things were terrible (don't get me wrong, they were and still are for many) but this spreads out to panic and hysteria
Now the media seem to have the scent in their nostrils again and I'm seeing talk of "even worse than 2008"....torpedoes in the tubes and focused on confidence
I wish I was as intelligent as most on this thread as then I could decide whether to batten down the hatches, speculate or just get right on it and drink myself to oblivion!!!
Roll on Saturday | |
| Cherish and enjoy life.... this ain't no dress rehearsal |
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| Banks and Global recession. on 10:00 - Feb 12 with 1141 views | DWQPR |
Of course you will get people like this that will court the media and try and add as much panic to the market because in a falling market there will be a few that will make a mint, and usually it will be those that make such crass comments. The fact is that most investors, (about 99.9%) will never need their savings in one go. Most will never ever spend all of their savings and not get near spending it. Therefore during such volatility the only thing anybody will do is sit tight. Try and second guess market movements and you guarantee losses. Sit tight and the value of your investments will recover, and if you happen to sit in the right areas/funds then chances are once markets have recovered you will have a higher value. Always also remember that if you hold shares/unit trusts then your capital isn't the value of the investments but the shares/units you have. That like the bricks of your house will not disappear. They just go up and down in value but over the longer term you will see more highs than lows. And finally if you have investments please don't read the ramblings of the multitude of amateur advisers on this board, listen to your own adviser, or if you haven't got one, get one. | |
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| Banks and Global recession. on 10:31 - Feb 12 with 1114 views | Mytch_QPR |
Nobody knows for certain, Lblock....
Apart from David Icke and the reptilians.
Health and sanity are more important than money, that much I know. | |
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| Banks and Global recession. on 12:13 - Feb 12 with 1068 views | Brightonhoop |
It's all a big gamble, and certainly some just want their name in print. But on this occassion, depending on what was held at the time, he was right, Barclays for example were close to 2.20 trading today at 1.55 so getting out then to buy back in now would significantly improve quantity. Whereas a long term approach will likely correct over a number of years but only hold the same number of shares.
Rolls Royce today put on 13.5% but cut the dividend by 50% so it's a very mixed message.
I've always queried the need for a Broker. Like Psychics. If they know what is going on why haven't they cleaned up and retired by now? lol It's my inner cynic. | | | |
| Banks and Global recession. on 12:26 - Feb 12 with 1051 views | DWQPR |
And the point is that you can never second guess the markets. You never knew that Barclays was going to drop, hindsight can never be a factor in investing. Long term investing in a diversified way is the way for the masses to deal with things and not through following short term histrionics. | |
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| Banks and Global recession. on 12:29 - Feb 12 with 1047 views | robith |
Oh absolutely, I was not laying it *all* on him, this goes back decades.
But he has firesold the state's assets and run a counter productive economic policy meaning that he has severely choked a lot of the state's ability to intervene and stimulate the economy when the latest crash comes, but is still wedded to the idea of socialising the pitfalls of private risk | | | |
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