stock market crash

[wattaj]

There goes 5000.

[Andy2]

There goes 5000.

which website do you use. IG index seems down

[scooterscot]

holly feck - never never ignore the gravestone DOJI.

[Andy2]

if its just like 2008 crash , we are looking at indices 50% down , which means FTSE at 4000 and DOW at 15000

[fullyautomatix]

Looks like today with be another big drop.

I want to think about the sort of businesses who will best weather this storm, and who will bounce back the quickest.

During the last crash, I was pretty sure banks such as RBS, LLOY would recover. 10 years later they did not. Glad I didn't invest any money in them.

There will be some surprise casualties for sure. EasyJet is most likely although don’t discount BA to also go bankrupt. Restaurants and food franchises will go very quickly. We are heading straight into a disaster and it is a true test of how the leaders at the top tackle it. Does BJ have the leadership skills ? We don’t need to wait for too long to find out.

[scooterscot]

if its just like 2008 crash , we are looking at indices 50% down , which means FTSE at 4000 and DOW at 15000

If you say so -

Here is 2008 - year wide view:










2020 with the same chart width:


Never in the history of the index has it dived so much so fast.

[fullyautomatix]

if its just like 2008 crash , we are looking at indices 50% down , which means FTSE at 4000 and DOW at 15000

2008 will look like a walk in the park compared to what is going to unfold in the next couple months. Just imagine an entire country quarantined for weeks. UK and USA are headed in that direction now. We laughed at people stockpiling but I think it’s a god strategy. If anybody is knee deep in debt and liabilities, they better prepare themselves for the long haul. This will be ugly and it won’t be pretty. No deal Brexit doomsday scenario times 10.

[scooterscot]

Don't think landing at 4600 is credible anymore. 3500 looks like a better punt at this moment.

[original PM]

Can you elaborate on what this means?

Are people selling shares?

Or just not buying shares?

Or just not investing?

[DealorNoDeal]

All things considered, gold is holding up pretty well. (Only down 8% since the beginning of March)

Technical Gold Charts and Data - London Fix

Don't know whether that will last or not.