Friday Doom - And so it begins...

[Clippy]

Is this the start of the end?

World markets fall

Certainly looks like it.
The same greed that sent the market up is now bringing it down.

Some choice quotes:

"The Bank of Japan injected one trillion yen ($8.5bn; £4.2bn) into the financial system on Friday".

"The Reserve Bank of Australia on Friday added more than twice the usual amount of money into the banking system, injecting A$4.95bn ($4.19bn; £2.08bn) in its regular morning money market operation".

"Central banks in Malaysia, Indonesia and the Philippines intervened to sell dollars to support their currencies".

"European indexes had slumped earlier after BNP Paribas froze three funds, saying the market for some of the assets they contained had disappeared".

"The European Central Bank injected a record $130.6bn (£64.6bn) into Europe's money markets to prevent a financial system seizure. And on Friday it made a further contribution to the eurozone banking market but gave no indication of how much it was injecting".

"In the US, the Federal Reserve was reported to have taken similar action, pumping about $24bn into the US banking system".

[shaunbhoy]

And in the End
The Love you Take
Is equal to the Love
You Make ...

Well sasguru is quids in, provided they factor in all the "love" he has made to himself with his hands!!

[RightLaugh]

oh dear. So happy I took all my dosh out of the markets (FTSE 100 = 6550) in Apr/May and paid off the mortgage.
I love high interest rates, markets and property values falling.
They seek me here, they seek me there, I am the shadow.

[Clippy]

oh dear. So happy I took all my dosh out of the markets (FTSE 100 = 6550) in Apr/May and paid off the mortgage.
I love high interest rates, markets and property values falling.
They seek me here, they seek me there, I am the TheRightStuff.

[RightLaugh]

[Clippy]

[RightLaugh]

markets are in a free fall. Only the opening of the Dow can help it. Although I think that's going to make it even worse. This could end being really bad today. I was predicting this morning that the FTSE would be 5??? points by the end of next week. Who knows it could even be today.

[mrdonuts]

ok, ok futures are now pointing to a terrible opening we are all doooommmed etc, wheres the window

[Zippy]

"If you go to Zahadoom, you will die".

Z'ha'dum

IGMC

[lilelvis2000]

I'm sure it will all get better with a kiss.

Probably now's the best time to put some more money in and catch the bounce.