stock market crash

[rootsnall]

Weren't the US markets overdue one of them anyway?

It was possibly due a correction due to too much debt being loaded onto Co's but I don't think anything like the dotcom or mortgage/banking bubble. UK markets weren't crazy valuations.

[rootsnall]

Barclays made a profit. So they made less of a profit but still a profit and that is during armageddon.

Their share price reflects the drop in profit, i.e. profit 40% down, share price 50% down.

It's early days in terms of armageddon.

[BlasterBates]

It's early days in terms of armageddon.

You need to check out China. That's where the future lies.

[DimPrawn]

You need to check out China. That's where the future lies.

Overcrowding, debt, novel diseases, death, tulip products and state controlled lies?

Doesn't sound very appealing...

[scooterscot]

Who has the authority to "confirm" a bull trap and how is it any different to saying what happened in hindsight?

Hindsight? I started this thread 2-year ago! Scooty is a leading indicator!

In seriousness, the confirmation is made by understanding price action support & resistance. Those are facts. Understand them, master them... you'll invincible in making money.

[scooterscot]

You need to check out China. That's where the future lies.

Don't see the future in China myself. They're going full populist with knobs on. All the good work of the last 30 years is going down the $hiter. Adding to that gloom, India and Vietnam will absorb a lot of the US jobs exported to China.

w.r.t jobs, don't expect the US to repatriate them anytime soon. Same goes for the UK. Why? In a word, education. The manufacturing base has received bog all investment while the STEM subjects attract fewer and fewer students. The levels of education / particular in the STEM fields outshines many in the US & UK. Until that changes.... we're picking fruit & veg in the fields.

[rootsnall]

Overcrowding, debt, novel diseases, death, tulip products and state controlled lies?

Doesn't sound very appealing...

WHS. Plus the leader has started grabbing more power for himself. It is amazing what they have achieved and built proper infrastructure but I think corruption will do for them at some stage.

[rogerfederer]

Barclays made a profit. So they made less of a profit but still a profit and that is during armageddon.

Their share price reflects the drop in profit, i.e. profit 40% down, share price 50% down.

Did they?

Most past data is a lagging indicator of status. Truth is, Barclays (and the rest of them) have old legacy systems and generating reports for the past few weeks is almost impossible. It's the *next* reports you should be focusing on, not the past. I agree with others that the next two months will be a bloodbath once all this data actually emerges. As some only release every quarter, you won't know until July.

[scooterscot]

Where are all the naysayers? Awfully quiet in here... 39p and climbing!


Am I the only one here in profit with CNA

[scooterscot]