The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It actually took it something like another 15 years to finally break 7000. The peak of 1999 is widely regarded as very false being created by ridiculous valuations placed on tech stocks many of which never made a penny. Atb.
Gordon. The year 2000 ftse 100 target of 7000 points. Not. 7500. I believe our market is in a strong position however stocks across the board are not responding as few companies declare income.
I would hope we take any money from past investment and spend in Australia Atb
Gordon. In a way i am glad the ftse 100 has sat on its ass over many years. The Dow is sat way high. I am glad the ftse 100 has taken this into account.
Atb
That's right Woody and there was a bigger slump in the mid 70's when the index dropped by 70% over a longer period of a couple of years. The thing about these crashes is that they tend to happen unexpectedly when investors are at their most confident. The dot com bubble of the late 90's was a good example. I remember people saying what an easy way to make money, can't fail. In a matter of months it all came crashing down. There were winners of course but people lost a lot of money. Atb.
Gordon. I vividly remember the stockmarket crash of 16th October 1987. The ftse was at 2500 and dropped 500 points over 2 days. The predictive projection for the ftse by year 2000 was 7500. So i am fully aware of market trends. Atb
Mitch............!
"i'd be careful "Chesh" the bull might just take a liking to you instead"
No probs, we herd together ...... ;)
All the best (not to fond of the Spanish mind........... :(
Yippee.............!
Gordon is a bull............. :()
All the best (can you charge at Jeremy Gord :)
for fun.............!
Woody, the definition of a bear market is a sustained drop in a main index such as the ftse 100 by 20% from a recent high. We are nowhere near that. With shares and indices a lot depends on your starting point. On 31/12/99 the ftse100 hit a high of 6931 almost 20 years on it is a miserable 4% higher at 7209. However if you started 10 years ago during the financial crisis you have an increase of 100%.
Anyway if good news came for Oilex I doubt what the ftse was doing would have any bearing. Atb.
Gordon. I am delighted you believe that we are not in bear market. I am sure that you agree that many companies across the market are not reflecting success through share price.
Well it is up on nothing (that we know about) but why would I be in a panic ? I would be delighted if it stopped there.
Incidentally, Woody we are not in a bear market and even if we were Oilex is not the sort of share that is driven by the wider market. Gla.
Looking good, sell pressure now looks to have gone.
:)