The FTSE

[M18CTID]

Watch out for the high interest accounts as you could be hit massively by tax which effectively halves the interest rate if you're a high level tax payer. Basic rate tax payers have a £1k tax free allowance after that savings are taxed at 20% on interest, middle level tax payers £500 allowance and 40% tax, higher lever £0 allowance and 45% tax. So it might be best looking at premium bonds or other products as well (even buying solar panals) rather than be swayed by marketing of high interest accounts

Thanks. Yes, I’ve got my eye on that. I’m a basic rate taxpayer so I get the £1k allowance. The inheritance isn’t due to come through for another 2-3 months (exactly when depends on how quick dad’s house sale goes through) so it’ll be a few months into the tax year before I’m earning any interest. I’ve done some rough calculations as to how much I can put away before any tax kicks in.

 

[Churchlawtonblue]

I can't believe someone (plural !) gave OK Computer a 1/10.

Fucking tone deaf.

Not a patch on The Bends. Just saying.

 

[BlueHammer85]

Not a patch on The Bends. Just saying.

Good battle but I’d go with OK Computer.

 

[Churchlawtonblue]

Good battle but I’d go with OK Computer.

Is the wrong answer.

 

[Mr Grumpy]

Panic over*
It's up 2% at the get go.

*Until it's back on....​

 

[BlueHammer85]

Like peers in Asia and Europe, US stocks have opened on a positive but are nowhere near the highs before Trump announced his tariffs.

The S&P 500 index of companies, often relied on to be stable and profitable, rose 3.3%.

The tech-company-heavy NASDAQ grew 3.6%, while the Dow Jones Industrial Average (DJIA) index of 30 major companies listed on US stock exchanges was up 3.3%.

 

[One Fan Clapping]

Panic over*
It's up 2% at the get go.

*Until it's back on....​

Up 3.4%

NASDAQ up 4.2%

Nikkei closed up 6.2%.

Normally I’d be very excited at these figures but… Trump!

 

[117 M34]

I know that nobody actually knows but what sort of time frame are we looking at to get back to the levels of 3 months ago?
2 years?

 

[Gareth Barry Conlon]

Up 3.4%

NASDAQ up 4.2%

Nikkei closed up 6.2%.

Normally I’d be very excited at these figures but… Trump!

In light of recent events this is clearly bumping along the bottom.

If Trump doesn't change course it will drop again. Trump has form for this type of behaviour, cause a massive problem and then claim to have done a great deal when he abandons his own idea.

He did thus exact thing in his first term before doing a trade deal with Mexico and Canada.

 

[Trevor Morley's Tache]

Not a patch on The Bends. Just saying.

Both very good albums.

 

[Mr Grumpy]

I know that nobody actually knows but what sort of time frame are we looking at to get back to the levels of 3 months ago?
2 years?

My university of knowledge (twitter) suggests that getting back to the peaks may be a long time in the future.

To me, I think we've been in a hot spot and we will be reverting to the mean for the short-medium term at the very least.

But who knows.

 

[flook]

great I've recovered almost 10% of my losses, forgive me if I leave the champagne prosecco special brew on ice for a while longer

 

[dickie davies]

Panic over*
It's up 2% at the get go.

*Until it's back on....​

Like peers in Asia and Europe, US stocks have opened on a positive but are nowhere near the highs before Trump announced his tariffs.

The S&P 500 index of companies, often relied on to be stable and profitable, rose 3.3%.

The tech-company-heavy NASDAQ grew 3.6%, while the Dow Jones Industrial Average (DJIA) index of 30 major companies listed on US stock exchanges was up 3.3%.

Up 3.4%

NASDAQ up 4.2%

Nikkei closed up 6.2%.

Normally I’d be very excited at these figures but… Trump!

FTSE ends the day up 2.7, but looking likely it'll lose that gain first thing tomorrow

Meanwhile, the buoyant start on the US markets has fizzled out, with them just hovering around the price of yesterday's close
Nvidia was over 6% up earlier, now +1.5
Microsoft 3.5% up. now + 0.67

 

[DenisLawBackHeel74]

I know that nobody actually knows but what sort of time frame are we looking at to get back to the levels of 3 months ago?
2 years?

I think it has to properly shake out yet but I would think within 12 to 18 months we’ll be back. My portfolio in total is down about 12% …but still higher than where it was this time last year.

 

[Bigga]

I was going to post this in the 'what you watching youtube?', but I thought it would sit quite well here...

 

[Kompany Car]

I know that nobody actually knows but what sort of time frame are we looking at to get back to the levels of 3 months ago?
2 years?

As @DenisLawBackHeel74 said 18 months is a reasonable guess. The average bear market according to the internet is 409 days. We are certainly in that territory. The good news is the typical bear market sees a reduction in share prices of 36% whereas the following bull market typically lasts 1866 days with an average increase of 180%.

This is why a lot of investment advisors use a 7yrs rule of thumb when it comes to investment decisions.

 

[ChicagoBlue]

“The market” will rebound much quicker than 18 months, IF inflation doesn’t take off and the Fed lowers interest rates by at least 50 basis points in 2025.

Now, there will be certain individual stocks that might not return to their frothy highs that quickly, but that is a different story.

There is currently an S&P 7 and an S&P 493 and an equal weighted S&P 500. They’re all market indicators, but none of them is definitively “the market,” so it depends on your definition.



Trading into large BRKB and SWVXX (4.2% Money Fund) positions prior to the meltdown certainly helped. Since Friday, though, I have purchased some select stocks, but have kept over 80% of my powder dry.

P.S. In this instance, the green number is good and the parentheses do not indicate a loss.

 

[jrb]

Panic over? Lol!

Trump has just upped tariffs on Chine to 104%



As for the panic being over. I made £1000 back on my pension today. I'm still £23,000 down.

The panic will be over when I get that £23,000 back. And not until then. Back to where my pension was before Trump started his insane America First trade wars with the world.

Let's see what the FTSE does tomorrow.

 

[ChicagoBlue]

As @DenisLawBackHeel74 said 18 months is a reasonable guess. The average bear market according to the internet is 409 days. We are certainly in that territory. The good news is the typical bear market sees a reduction in share prices of 36% whereas the following bull market typically lasts 1866 days with an average increase of 180%.

This is why a lot of investment advisors use a 7yrs rule of thumb when it comes to investment decisions.

A bear market and recession are not coincident. Often, the largest gains can be made from the bottom of the recession (middle of the Bear Market) to its exit.

Money looks forward 6-9-12 months ahead, so even by your own 15 month recession, in which people like Larry Fink believe we are already mired, we should be seeing a rebound in the near future.

In short, for anyone not needing their money in the next year to two years max, the U.S. Stock Market is on sale. The only question is whether the “retailer” is going to provide further markdowns for tomorrows buyer?!

 

[Worzel Gummidge#9]

Panic over? Lol!

Trump has just upped tariffs on Chine to 104%

View attachment 152371

As for the panic being over. I made £1000 back on my pension today. I'm still £23,000 down.

The panic will be over when I get that £23,000 back. And not until then. Back to where my pension was before Trump started his insane America First trade wars with the world.

Let's see what the FTSE does tomorrow.

23k ouch, it will recover though just might take a while, How old are you if you don’t mind me asking?