The FTSE

  • Thread starter Thread starter worsleyweb
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Mr Grumpy said:
That's not my point. I've given my explanations previously.

Tariffs have long been talked about and used for election promises by both sides going way back.

Trumps administration have just actually followed the promises this time (and here's your answer) because in reality, America doesn't have a choice.

I'm sure a democratic presidency would have done something equally serious at this point.

The signs for a downturn have been here for the last two years imho. Here we are.

Buckle up.
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Really? That doesn't explain anything , I'm guessing because you don't have an explanation. The fact that your economy has been booming in the last 10 plus years speaks otherwise. If you're a yank you better buckle up as these actions by Trump are not sustainable by even the US.
 
Churchlawtonblue said:
Really? That doesn't explain anything , I'm guessing because you don't have an explanation. The fact that your economy has been booming in the last 10 plus years speaks otherwise. If you're a yank you better buckle up as these actions by Trump are not sustainable by even the US.
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I'm not American.

COVID is over. We are just reverting back. Gonna be painful.
 
The bloodbath will probably continue all week. Was watching some financial guy on CNN last night who said could be around $20 Trillion wiped off world stocks by the time it settles.
 
The UK's benchmark stock index, the FTSE 100, dropped 2.64% as it opened.

The larger FTSE 250 - made up of the 101st to 350th most valuable companies on the London Stock Exchange - shed 2.9%.

While it's not good news and shows a lack of confidence in the companies making up the index and the UK economy, it's no surprise after similar falls in Asian stocks.
 
BlueHammer85 said:
The UK's benchmark stock index, the FTSE 100, dropped 2.64% as it opened.

The larger FTSE 250 - made up of the 101st to 350th most valuable companies on the London Stock Exchange - shed 2.9%.

While it's not good news and shows a lack of confidence in the companies making up the index and the UK economy, it's no surprise after similar falls in Asian stocks.
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Old news.
It’s down 5.3% now.
 
Churchlawtonblue said:
Sorry you're sounding like one, easy to confuse.
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I work for American companies deeply involved in global industry.
Work has been falling off for the last year tbh.

I expect worse to come regardless of tarrifs.

One good thing though is that should tarrifs begin to work, the US may have a industrial construction boom on its hands.
Should that work, we'll begin to see a rebalance in trade between countries which will have a knock on effect of tempering global trade (ie developed national sending low risk/profit work to developing nations because they don't have Health, safety and welfare costs to push up the wages).

Or global collapse.

Who knows eh?
 
Mr Grumpy said:
Are you unable to put together a reasonable argument or do you just go straight to the windmilling when the world tells you bad things?

2/10. Try harder.
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You’ve told us that the fact the markets have fallen 12% in a week including 6% today are nothing to do with Trump and it’s not a collapse a week after Trump announced his ludicrous tariffs and you think you’re putting together reasonable arguments?

You’re a fucking idiot.
 
west didsblue said:
You’ve told us that the fact the markets have fallen 12% in a week including 6% today are nothing to do with Trump and it’s not a collapse a week after Trump announced his ludicrous tariffs and you think you’re putting together reasonable arguments?

You’re a fucking idiot.
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Mostly froth really.
Go look at the charts.

Also, don't be an upside trader eh?
Did 2008 teach you nothing?
 
Mr Grumpy said:
The BBC?

Um. Ok.
It's not a very good article is it?

And no, don't be a doomer. It's not a collapse. It's just a overdue reversion to the mean.

The stock market is a symptom of the economy, not the actual economy itself. America will repair it's economy and the stock market can do it's own thing.

Recession is here. It's been flagged for the last two years.

We are going back to pre-covid levels I believe.
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Why isn't it a good article? It covers a number of benchmarks, all of which show you were spouting bollox....ohhhh THATS why its not a good article, clear now.

If this isn't a collapse what is?

The S&P 500 fell 10.5% across Thursday and Friday, the index’s worst 2-day stretch since March 2020 and its third-worst since the turn of the century. The index’s 9.1% loss this week ranks as the seventh-worst week in the last 25 years. Thats in 1 week and it's still going down with no sign of settling
 
flook said:
Why isn't it a good article? It covers a number of benchmarks, all of which show you were spouting bollox....ohhhh THATS why its not a good article, clear now.

If this isn't a collapse what is?

The S&P 500 fell 10.5% across Thursday and Friday, the index’s worst 2-day stretch since March 2020 and its third-worst since the turn of the century. The index’s 9.1% loss this week ranks as the seventh-worst week in the last 25 years. Thats in 1 week and it's still going down with no sign of settling
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Read the 1st paragraph.

It mentions prices and Biden, and then justifies that by looking back decades past. It's timeline is all screwy as well.

If you are looking at stats to quantify what is going on here, be careful.
"The seventh worst week in the last 25 years" is not a good one clearly.

The markets tanked by ~8-10% rapidly in the middle of Bidens term.

Shit happens.
 
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