The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Let's agree to disagree. I'm not saying it'll all go into US stockmarket. It'll go into Treasuries and the Dollar. This has been so for 35 years at least. No reason why not again.
In any case we are in for some (short term) pain. No need to panic.
S&P now down -11% from its high, officially in correction territory.
Nasdaq = -18%
S&P = -11%
Dow = -8%
FTSE = -4%
Carnage out there.
It's carnage out there, bro. Panic is spreading like wildfire.
Inflation, interest rates, bad quarterly results, Boris on the brink, new stealth Omicron, Ukraine war, Russian ships off Cornwall. Problems stacking up like a game of Jenga.
"It's carnage out there, bro. Panic is spreading like wildfire.
Inflation, interest rates, bad quarterly results, Boris on the brink, new stealth Omicron, Ukraine war, Russian ships off Cornwall. Problems stacking up like a game of Jenga."
Fortunately retail investors, like me, don't have to sell their stocks at times like this. The panic is amongst the fund managers, trying to preserve the current financial year gains. It's only January, so a month or two to go to recover their losses on recent declines. Should the NASDAQ slide into Bear market territory, which is only 3% away, and the declines are sustained into mid February, then we'll see some proper panic on the faces of guests on CNBC and Bloomberg lol.
Dow cratering 1,000 points in 3 hours.
Nasdaq collapsing -5% in a day. Down -19% in 2 months.
Market crashing.
I often wonder in times like these, where the money raised from selling goes? No returns keeping it in a bank so presumably it sits on the side lines awaiting a lower entry point?
Boris Johnson has confirmed Fully vaccinated travellers flying into England will no longer require Covid-19 tests Today’s announcement provides a welcome boost to the travel industry and UK economy
"Dow cratering 1,000 points in 3 hours.
Nasdaq collapsing -5% in a day. Down -19% in 2 months.
Market crashing."
It's all about the FED, and the market is clearly sending a message that they don't want to see large interest rate rises, but the FED should concentrate on inflation and ignore any market coercion. If inflation runs out of control, then everything collapses, not just stock markets. US inflation was 7% in December, any Central Bank not acting on that figure, are just going to feed the inflation beast. A double digit correction is preferable to hyperinflation, and the markets will probably recover once the markets get used to interest rate rises. Pain today, or armageddon tomorrow?
Thanks for the response Theosus. Unfortunately my knowledge / risk level of investing limits me to savings accounts, shares and funds! I guess this is what separates the wealthy investors from us mere mortals!
Haven't seen Chips of late with her "last chance to jump aboard" for the 84p express lol.
Morgan Stanley 'buy' recommendation for the FTSE 100, labelling the investment case "compelling"
DOW Jones and NASDAQ have clawed back more than half their early losses today. See a bounce tomorrow.
DJ
going close to level at the moment
DJ
up
DOW, ossible Bull Trap....
DYOR
Possible Bull Trap...
D...
1 day up out of 8 nothing to shout about
Maybe you should get back in tomorrow morning PSK.......
Hardup
I would get back in but due to inflation being out of control and cheap money coming to an end I really don't see why would invest in the current market. The Dow is overpriced currently and the ftse cannot think for itself so it will drop in line as it always does. If I am wrong then I will miss out but I don't want to be holding a high average in years to come.
US finished up! So a better day tomorrow (well maybe)
FTSE 100 to make comeback after Wall Street's dramatic "dead cat" bounce
London's blue chips are seen rising 44 points, but futures are pointing to more losses in the US