Doom. FTSE down 3% and dropping

**Churchill** · 15 March 2011, 09:58

Stock recommendation for the day...

Range Resources - RRL
Excite Energy - XEL

**TimberWolf** · 15 March 2011, 10:01

Nothing much happening to gold in USD or GBP, so the money isn't going in to hiding there.

**MarillionFan** · 15 March 2011, 10:06

I'm not going to watch too much today. I'd want it to drop more than it has before upping exposure into equities.

Bit annoying. I took out an investment fund last year for £60k which will pay out 8.5% if the FTSE is higher on the 30th March then when I took it out last year.

If it goes below 5450 it won't pay out and my money is locked for another 12 months.

**NorthWestPerm2Contr** · 15 March 2011, 10:43

Bought BP and Shell on limit order yesterday, didn't expect it to drop this much!

**SimonMac** · 15 March 2011, 11:34

I'm just gutted that I spent 4 months on the bench over christmas and the new year otherwise I would be sticking £10k in shared of some of the big Japanses tech firms that have took a hit this week

**Jog On** · 15 March 2011, 11:42

I'm flat.

Will be on the sidelines until things settle down (if they ever do!)

Although I'm eying some GBP breakout levels on AUD and NZD, possible nice trend/postion trade of they break out. Waiting for confirmation first though!

**BlasterBates** · 15 March 2011, 11:49

My Japanese construction shares are actually up, which makes up for the chemical plant and Yahoo Japan shares which are down.

All my energy stocks are up

The Germans have announced the immediate closure of 7 Nuclear power stations. The boss of RWE (biggest German generator) has issued a stern warning thouigh that without fossil fuels and nuclear power, the lights will go out. Wouldn't touch any German stocks, looks like they're shutting it down.

**Jog On** · 15 March 2011, 11:55

Originally posted by BlasterBates View Post

My Japanese construction shares are actually up, which makes up for the chemical plant and Yahoo Japan shares which are down.

All my energy stocks are up

The Germans have announced the immediate closure of 7 Nuclear power stations. The boss of RWE (biggest German generator) has issued a stern warning thouigh that without fossil fuels and nuclear power, the lights will go out. Wouldn't touch any German stocks, looks like they're shutting it down.

That sounds like some EUR shorts might be on the cards then..

**DimPrawn** · 15 March 2011, 11:57

At last! Some proper ******* doom!

I heard some BBC reporter looking at the devastation and talking about Global Warming FFS.

Brainwashed morons.

Doom. FTSE down 3% and dropping