Ftse

[MarillionFan]

and back on subject.

Sub 5000 and free falling.

[OwlHoot]

and back on subject.

Sub 5000 and free falling.

Cripes!

I don't know much about the stock market and so on, but I imagine a round number of 5000 must be quite a significant trigger of some kind

[fullyautomatix]

Cripes!

I don't know much about the stock market and so on, but I imagine a round number of 5000 must be quite a significant trigger of some kind

Traders are known to have trigger points and when that gets hit during a crash, their computer algorithms start selling out.

FTSE has been bouncing off 5K since yesterday but I think it was a bit too much for the plunge protection team to handle.

[Bright Spark]

Also the US senate approved the reforms on wall street, might also explain the drop where
seeing on the FTSE, goodbye dirty spekulants.....

BBC News - US Senate approves sweeping reforms of Wall Street

[AtW]

goodbye dirty spekulants.....

Key points from the bill:

" * the creation of a new watchdog agency
* restraints on larger banks, allowing them to take fewer risks
* requiring borrowers to prove that they can pay back even the most basic of mortgages
* giving the Federal Reserve the power to take control of large firms at risk of collapse - and break them up if necessary
* reform of the complicated derivatives market."

Massive "reform"

[Scary]

And Dow 10,000 breached.

[fullyautomatix]

And Dow 10,000 breached.

Scary!

[Jeebo72]

All's well again ...