Which day in October is the stock market crash?

[SantaClaus]

None of the above.

Sometime before the end of the year, possibly.

[DiscoStu]

Friday.

[threaded]

I've gone for 21st as that's when they need to make the trades to get the money for half term.

[pzz76077]

The bottom line is that investment banks have directly or indirectly lent money to all of these companies that have unbelievable share prices.
If the share prices of said companies fall through the floor the IB's are not going to get their money back, so they have to talk up the market until the companies they have invested in start turning a profit and become attractive to the average punter again.

The smart money is in safer bets like gold and currency pairs.


PZZ

[GreenerGrass]

It won't

http://www.thisismoney.co.uk/markets...page_id=3&ct=5

[HairyArsedBloke]

It won't

http://www.thisismoney.co.uk/markets...page_id=3&ct=5

Bolton was one of the first fund managers to call the bottom of the market in September 2008. It bounced in late October and November but then fell further.

Additional: Boltan made his claim when the FTSE was about 5300, it went all the way down to about 3500 after that.

[SantaClaus]

...The smart money is in safer bets like gold and currency pairs.
PZZ

indeed...

Gold is the commodity everyone piles their money into for risk aversion, when they dont want to invest in equities.

Now remind me where the gold price is again

[BrilloPad]

I'll take a punt on the 22nd. What do I win?

DEpends if you bought any put options or not.

[DiscoStu]

Monday.

[Scary]

Which sounds better?

Black Monday
Black Tuesday

etc etc.