Reply to: Stock market collapse in October

[SantaClaus]

Did Santa win then?

Nope, not this time. Got close before the market reversed.

[Fred Bloggs]

No. He is a big fat LOSER.

Oh dear.

[DimPrawn]

Did Santa win then?

No. He is a big fat LOSER.

[Fred Bloggs]

If the FTSE falls to 5040 or lower at any point in the day (today), even for 1 second, Santa wins 9x his "bet" otherwise he loses.

Did Santa win then?

[SantaClaus]

You'd better throw some pepper over your left shoulder and sacrifice a puppy to the gods to improve your chances.

Close (got within 40 points), but no cigar!

[HairyArsedBloke]

unemployment rises to 10.2% and the market is not crashing
madness

It means that rates are not going up anytime soon. Loadacheapmoney - fillyaboots.

[Andy2]

Gold has touched $1100
buy buy bye

[DimPrawn]

unemployment rises to 10.2% and the market is not crashing
madness

The market was obviously expecting worse figures.

Plus the printing presses would have been turned to gas mark 8.

[Andy2]

unemployment rises to 10.2% and the market is not crashing
madness

[DimPrawn]

Translation please

If the FTSE falls to 5040 or lower at any point in the day (today), even for 1 second, Santa wins 9x his "bet" otherwise he loses.

[Andy2]

I bought the FTSE 5040 one-touch binary at around a price of 12, which means I profit about 9x my original stake if that level gets hit.

Translation please

[sasguru]

Yep, youre right Brillo.

Anyway, today we have a drop in the stock markets due to a dismal US unemployment figure.

I bought the FTSE 5040 one-touch binary at around a price of 12, which means I profit about 9x my original stake if that level gets hit.

Quite likely as its a good stop-hunting level for dealers and NFP day is stop-hunting day

You'd better throw some pepper over your left shoulder and sacrifice a puppy to the gods to improve your chances.

[SantaClaus]

I agree. But I think that while QE is around bonds are expensive so alot of money going into equities. Once QE reversed bonds will get cheaper......

Yep, youre right Brillo.

Anyway, today we have a drop in the stock markets due to a dismal US unemployment figure.

I bought the FTSE 5040 one-touch binary at around a price of 12, which means I profit about 9x my original stake if that level gets hit.

Quite likely as its a good stop-hunting level for dealers and NFP day is stop-hunting day

[BrilloPad]

Lets see what Non Farm Payroll (1:30pm) and the G20 meetings (today and this weekend) do.

I agree that fake monopoly money is propping this thing up.
It's just prolonging the pain that is bound to happen eventually.

I agree. But I think that while QE is around bonds are expensive so alot of money going into equities. Once QE reversed bonds will get cheaper......

[SantaClaus]

Lets see what Non Farm Payroll (1:30pm) and the G20 meetings (today and this weekend) do.

I agree that fake monopoly money is propping this thing up.
It's just prolonging the pain that is bound to happen eventually.