Reply to: Doom - FTSE down 1.2% already

[AtW]

All such ratings agencies should be banned and every investor/bank should have their own risk departments.

HTH

[MarillionFan]

S&P downgraded the USA on Friday night. The market reacted to that this morning but when the US market opened the initial drop was followed by a largish retrenchment.

Then S&P announced the downgrade of Fannie And Freddie Mac. After that was announced the market started to fall again. While I'm not surprised that the market is falling I am surprised that it looks like its the downgrade of Freddie and Fannie that is partly behind it.

Class.

The Farce Is Complete: S&P Downgrades Moody's To BBB+ From A-2 | ZeroHedge

S&P downgraded Moody's who have just responded and downgraded S&P.

[eek]

The world's 'safest' economy gets downgraded and you think it won't have a hit on all markets? With all the Euro mess going on as well my strategy is flat - short and scalping the swings with tight stops and target profits set. Also stops get to breakeven as soon as possible. All this news, intervention, rumours, posturing is making it a bit mental. No good for buying stuff hoping it might go up (except gold).

S&P downgraded the USA on Friday night. The market reacted to that this morning but when the US market opened the initial drop was followed by a largish retrenchment.

Then S&P announced the downgrade of Fannie And Freddie Mac. After that was announced the market started to fall again. While I'm not surprised that the market is falling I am surprised that it looks like its the downgrade of Freddie and Fannie that is partly behind it.

[scooterscot]

No good for buying stuff hoping it might go up (except gold).

Or land.

[Jog On]

Thats thanks to the Fannie twins. Considering I thought the market knew they were basket cases I was surprised S&P's announcement of a downgrade had any impact (clearly I was wrong).

The world's 'safest' economy gets downgraded and you think it won't have a hit on all markets? With all the Euro mess going on as well my strategy is flat - short and scalping the swings with tight stops and target profits set. Also stops get to breakeven as soon as possible. All this news, intervention, rumours, posturing is making it a bit mental. No good for buying stuff hoping it might go up (except gold).

[BlasterBates]

It's not all gloom and doom:

Zhaojin Mining Industry Co Ltd (ZHAOF:US) Stock Quote & Analysis - Bloomberg

[MarillionFan]

Thats thanks to the Fannie twins. Considering I thought the market knew they were basket cases I was surprised S&P's announcement of a downgrade had any impact (clearly I was wrong).

4500 coming next. (sits and whistles)

[eek]

3.1% and falling. 5080.

Sell, sell, sell!

(Run out of available funds for a few days now). :-(

Thats thanks to the Fannie twins. Considering I thought the market knew they were basket cases I was surprised S&P's announcement of a downgrade had any impact (clearly I was wrong).

[MarillionFan]

3.1% and falling. 5080.

Sell, sell, sell!

(Run out of available funds for a few days now). :-(

[AtW]

Yes. From me in the post above you.

It's lunch - pass me over that sandwich will ya?

[MarillionFan]

-500 next week.

Remember you heard it on here first...

Yes. From me in the post above you.

[AtW]

-500 next week.

Remember you heard it on here first...

[MarillionFan]

Deeper than the 4800 MF is/was waiting for?

He's right. I'm in a little early for my liking. Took a kicking on one share in particular but otherwise happy with the prices / shares I have. Quite heavy on Standard Life to be honest as the div is now close to 8% and has always been good to me.

I reckon 4500 is on the cards if we go through 5000 this week.

[suityou01]

Good luck. You'll need it.

My cash is safely waiting for the bottom, which is months away.

Deeper than the 4800 MF is/was waiting for?

[DimPrawn]

Down 1.8% (100 points plus) and falling. I'm up so far on the day, but now have £55k exposed and have hit my trading limits until the deals clear.

Good luck. You'll need it.

My cash is safely waiting for the bottom, which is months away.