Black Friday - Page 2

cupidstunt · 10th October 2008, 07:54

Quote:

Originally Posted by dang65

I've asked this question on another forum, but they haven't got as many bona fide experts as CUK so I'll ask it here as well:

Why can't the world's governments simply suspend trading on the markets for a couple of weeks? Just let everyone sit down and have a cup of tea and think about things for a bit, instead of steaming in each day and wiping billions off the value of pretty much everything for no genuine reason. It seems to me that it's being done in a gigantic panic, not because any of these FTSE 100 companies or commodities have really lost any value.

What would happen if they all just took a little holiday?

Am no expert but I think they tried this in Russia to no avail.

dang65 · 10th October 2008, 08:08

I've heard say that they can't suspend it because selling stocks is the only way a lot of companies can get funds at the moment, what with no one lending just now. But that would be a small price to pay.

Maybe Russia didn't work because everyone else was still trading? I dunno.

ace00 · 10th October 2008, 08:17

Quote:

Originally Posted by dang65

........
Why can't the world's governments simply suspend trading on the markets for a couple of weeks? Just let everyone sit down and have a cup of tea and think about things for a bit, instead of steaming in each day and wiping billions off the value of pretty much everything for no genuine reason. ?

I suspect this is what will happen, especially considering that the US government should now be on holiday due to the upcoming election.

DiscoStu · 10th October 2008, 08:20

Quote:

Originally Posted by Betty

I object to the term "Black Friday"

I object to crappy economic analysis.

ace00 · 10th October 2008, 08:26

Quote:

Originally Posted by DiscoStu

I object to crappy economic analysis.

I think my analysis has been quite good so far. But let me throw out some predictions to be judged on:

By next Friday:

FTSE 3500
S&P 650
DJIA 7500
Gold $1250 /oz
Markets closed by governments.

I would also say that I called DJIA 9999 in March this year (not here though..). Oh, and UK house prices -50% from summer 2007.

DiscoStu · 10th October 2008, 08:27

Quote:

Originally Posted by ace00

I think my analysis has been quite good so far. But let me throw out some predictions to be judged on:

By next Friday:

FTSE 3500
S&P 650
DJIA 7500
Gold $1250 /oz
Markets closed by governments.

I would also say that I called DJIA 9999 in March this year (not here though..). Oh, and UK house prices -50% from summer 2007.

Sorry ace00, I'm not having a go at you - Betty is one of AtW's sockpuppets and I don't like to miss the opportunity to have a dig at him

HairyArsedBloke · 10th October 2008, 08:29

Quote:

Originally Posted by ace00

I think my analysis has been quite good so far. But let me throw out some predictions to be judged on:

By next Friday:

FTSE 3500
S&P 650
DJIA 7500
Gold $1250 /oz
Markets closed by governments.

I would also say that I called DJIA 9999 in March this year (not here though..). Oh, and UK house prices -50% from summer 2007.

I predict that the NYSE, NASDAQ and the CME will not open on Monday.

Edit: I can get myself into trouble for saying that. It's only a joke but there is a holiday, but it doesn't shut everything.