thplinth Posted January 15, 2016 Share Posted January 15, 2016 Seems an opportune moment to post a link to this... Some numbers have a special resonance. It is hard not to see some strange significance in the level of 666, which the S&P 500 touched on Friday afternoon, March 6 2009. That was the lowest level the US stock market has hit since the crisis that centred on the 2008 fall of Lehman Brothers. It also turned out to be a great time to buy. Anyone who bought at the moment when the S&P hit the number of the beast would have gained 182 per cent five years later. Those who reinvested their dividends would by this week have more than tripled their money, up 208 per cent. Bear market “bottoms” are rare. Was there any way to tell at the time that this was a bottom? And can we be sure that 666 will never be seen again? To get back there would require a fall of about 65 per cent, so any suggestion that 666 was not the low is alarming. http://www.ft.com/cms/s/0/3cb7838e-a547-11e3-8988-00144feab7de.html The S&P 500 is now about 1880 and it's arse is seriously twitching. Mega crash II on its way? Quote Link to comment Share on other sites More sharing options...
Robroysboy Posted January 15, 2016 Share Posted January 15, 2016 Pensions pots f##cked again? Quote Link to comment Share on other sites More sharing options...
thplinth Posted January 15, 2016 Author Share Posted January 15, 2016 (edited) Pensions pots f##cked again? Count on it. To update the figures above. The S&P at 1880 today (after crashing a huge amount already since new year) is still 182% higher than its low just 6 and bit years ago. It has only recovered where it was but still it is a bit mad... Edited January 15, 2016 by thplinth Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted January 15, 2016 Share Posted January 15, 2016 Count on it. To update the figures above. The S&P at 1880 today (after crashing a huge amount already since new year) is still 182% higher than its low just 6 and bit years ago. It has only recovered where it was but still it is a bit mad... That'll be all those Yanks revaluing their fixed asset to increase their profits. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted January 15, 2016 Share Posted January 15, 2016 The FTSE 100 will end the year at around 6800. Be brave. Quote Link to comment Share on other sites More sharing options...
thplinth Posted January 15, 2016 Author Share Posted January 15, 2016 That'll be all those Yanks revaluing their fixed asset to increase their profits. No Larky, The market is crashing not rising. FFS you huns are so rubbish at business it is unreal. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted January 15, 2016 Share Posted January 15, 2016 That'll be all those Yanks revaluing their fixed asset to increase their profits. Ha ha. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted January 15, 2016 Share Posted January 15, 2016 Have heard a few rumours of a crash coming. As bad as 2008 supposedly. Oh joy. What will we do this time? Pump up the banks again? Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted January 15, 2016 Share Posted January 15, 2016 No Larky, The market is crashing not rising. FFS you huns are so rubbish at business it is unreal. Inflated asset value (according to you) = increased profits = inflated share price which in the long run is unsustainable so as this unravels assets have to be devalued so profits fall and share prices fall also. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted January 16, 2016 Share Posted January 16, 2016 No Larky, The market is crashing not rising. FFS you huns are so rubbish at business it is unreal. Its rising for some. All depends when you bought. Quote Link to comment Share on other sites More sharing options...
Orraloon Posted January 16, 2016 Share Posted January 16, 2016 Its rising for some. All depends when you bought. And what you bought. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted January 16, 2016 Share Posted January 16, 2016 And what you bought. Meant to say this as well. Just ensure you spread the risk. Problem is for those who rely on the income or are close to retiring. Quote Link to comment Share on other sites More sharing options...
Ally Bongo Posted January 16, 2016 Share Posted January 16, 2016 https://iainmacwhirter.wordpress.com/2016/01/16/sell-everything-the-next-banking-crisis-is-here-hardly-surprising-since-the-same-banksters-are-still-in-charge/ Quote Link to comment Share on other sites More sharing options...
thplinth Posted January 20, 2016 Author Share Posted January 20, 2016 FTSE down 3% today and the Dow futures are down over 300 points. I could see there being another huge crash on top of what we have already seen. Maybe another 10% no problem. Quote Link to comment Share on other sites More sharing options...
Orraloon Posted January 20, 2016 Share Posted January 20, 2016 Could soon be a good time to start buying again? Quote Link to comment Share on other sites More sharing options...
fishcumnock Posted January 20, 2016 Share Posted January 20, 2016 Expert on sky news says to hold firm ,better get oot while you can. Quote Link to comment Share on other sites More sharing options...
Squirrelhumper Posted January 20, 2016 Share Posted January 20, 2016 FTSE down 3% today and the Dow futures are down over 300 points. I could see there being another huge crash on top of what we have already seen. Maybe another 10% no problem. My company share price has dropped from over £13 to £11.20 in space of a fortnight. Thankfully i can't cash my shares in until 2018 anyway but it's scary looking at the difference when you have a good few hundred shares! Quote Link to comment Share on other sites More sharing options...
Scunnered Posted January 20, 2016 Share Posted January 20, 2016 I love capitalism. Some right bad bastards will be throwing themselves out of windows soon, so there's that I suppose... Quote Link to comment Share on other sites More sharing options...
Charlie Endell Posted January 20, 2016 Share Posted January 20, 2016 (edited) Mine has dropped from just under 25 Euros to 22 Euros - been here before (share price has been as low as 5) and I'll sit it out - the drop has been mitigated by the weakening of Sterling against the Euro anyway. Edited January 20, 2016 by Charlie Endell Quote Link to comment Share on other sites More sharing options...
Debian Posted January 20, 2016 Share Posted January 20, 2016 FTSE down 3% today and the Dow futures are down over 300 points. I could see there being another huge crash on top of what we have already seen. Maybe another 10% no problem. In the vast 7 weeks Barclays have gone from 254p to 181.93. They're down 4.2% again today. Definitely something afoot. Quote Link to comment Share on other sites More sharing options...
Orraloon Posted January 20, 2016 Share Posted January 20, 2016 FTSE down 3% today and the Dow futures are down over 300 points. I could see there being another huge crash on top of what we have already seen. Maybe another 10% no problem. 10% is nothing to worry about. When it gets to about 20% folk might start to panic but that would also be the time to start buying. Quote Link to comment Share on other sites More sharing options...
Armchair Bob Posted January 20, 2016 Share Posted January 20, 2016 https://iainmacwhirter.wordpress.com/2016/01/16/sell-everything-the-next-banking-crisis-is-here-hardly-surprising-since-the-same-banksters-are-still-in-charge/ A man who knows his onions. On the plus side for those with tracker mortgages, it is now looking unlikely that interest rates will rise this year: http://www.telegraph.co.uk/finance/mark-carney/12107879/Mark-Carney-rules-out-imminent-interest-rate-rise.html Quote Link to comment Share on other sites More sharing options...
Khana Lagur Posted January 20, 2016 Share Posted January 20, 2016 10% is nothing to worry about. When it gets to about 20% folk might start to panic but that would also be the time to start buying. With thinking like that you could be a fund manager. Quote Link to comment Share on other sites More sharing options...
thplinth Posted January 20, 2016 Author Share Posted January 20, 2016 10% is nothing to worry about. When it gets to about 20% folk might start to panic but that would also be the time to start buying. The S&P is already down over 10% for the year - the worst start to any year in history - so another 10% takes you past 20%. But this is still nothing - the S&P now is about 1,843 - at it's lowest point during the financial crisis just a few years ago it was as low as 666 (see OP). 1600 is easily possible from here and if it does go that low there is a chance it takes on a life of its own and goes again. Quote Link to comment Share on other sites More sharing options...
Orraloon Posted January 20, 2016 Share Posted January 20, 2016 The S&P is already down over 10% for the year - the worst start to any year in history - so another 10% takes you past 20%. But this is still nothing - the S&P now is about 1,843 - at it's lowest point during the financial crisis just a few years ago it was as low as 666 (see OP). 1600 is easily possible from here and if it does go that low there is a chance it takes on a life of its own and goes again. We can only hope. Quote Link to comment Share on other sites More sharing options...
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