FTSE lowest level since 2003...

[Viktor]

3861 wow, that's 5.25% down!!

I seem to remember a few idiots on this board who last year predicted the future in derivative markets...

Something WILL happen over the weekend as Uncle Sam and EU are having a meeting ...Can they shut down the markets?!?

[HairyArsedBloke]

Something WILL happen over the weekend as Uncle Sam and EU are having a meeting ...Can they shut down the markets?!?

Like the meeting last weekend, and the weekend before that, and .......

[SantaClaus]

Finally reached my prediction around 3800. Took a bit longer than predicted.
Oh well, who do you think I am, Mystic meg

[GreenerGrass]

This article is quite good (timing on mega cycles) until he starts wittering on about gold.
http://www.marketoracle.co.uk/Article6815.html

Unless inflation is rampant just keep everything in cash (or index-linked gilts if the interest rate is under RPI) until the new bull market starts, which will roughly be when USA house prices stop dropping and foreclosures slow down.
All this "8% a year on average" seems to be based on the bull market between 1982-2000. Most IFAs don't know any different.

[BrilloPad]

Seems to be going up today. So far.

[SantaClaus]

Seems to be going up today. So far.

Looks to me like its going to at least test the low of 3783.

[Viktor]

http://newsvote.bbc.co.uk/1/shared/f.../3/default.stm

3869 - near the 52 week low...

Will the FTSE be lower than that at the closure today?

[SantaClaus]

http://newsvote.bbc.co.uk/1/shared/f.../3/default.stm

3869 - near the 52 week low...

Will the FTSE be lower than that at the closure today?

Almost definitely. Yesterdays low was 3808.
Need to see a double-bottom on high volume before even considering going long.

[Viktor]

Problem is a secular bear takes loooooooong time before "long" brings you significant gains...

As per the great depression...

[TykeMerc]

http://www.thedailymash.co.uk/news/b...-200810171332/