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Long long haul here. Wasted year. Loads of depressing news. Black Monday mark II coming.
Think 3800 might be a bit extreme am more thinking along the lines of between 4600 lowest
There is alot of waiting around to do yet, and the market is not great at waiting. 50% peak to trough drop anybody? 3800.
still trading between 5000 and 5600 happy with this but I expect 4800 before this mess is sorted out
Footsie in free fall. No surprises here as traders exit.
There is money flooding in from somewhere. It's happening here and USA. Can't see it being able to last long enough to get over the worry period.
Maybe not black Friday, but perhaps some point next week the money flow will stall, and we'll still be deep in lockdown.
Tech companies are keeping investors bullish. They are doing OK due to stay at home communications, tech and server requirements, but yes BP running upwards. How on earth?
The news is dreadful. This will crash. Buy gold. Black Friday tomorrow?
This market is overpriced now.
Bp at 340p is ridiculous if you look at the crude price
If you look in history, there is always a jump up before a low again . I think by the end of the week we will be back to the start of the week . Far to much going on for a big rises but good luck to them . Q2 Q3 will not be good .
All being played..... long way to fall yet just big money day trading. What happens when countries re open and it grows again, who pays the 2 trillion back, imagine how our economy will suffer after its over. People will want be pay rises and rightly so but who funds it.
Market calmer than I expected. Comes to something when a 3.79% drop is calm.
Boris should stop short selling at once
Futures looked ugly by Friday evening close. Not looking like much fun on Monday morning.
they estimate
USA Q2 -14% GDP
Eurozone Q2 -22% GDP
Uk Q2 - 30% GDP
This should make a lot of people happy .
https://asia.nikkei.com/Spotlight/Coronavirus/China-says-Japan-developed-drug-Avigan-works-against-coronavirus
Now all these companies paying out fat bonus’s to their management and plum dividends to shareholders whilst racking up huge debt and pension deficits now find themselves up the creek without a paddle that old adage save for a rainy day was not heeded by many
Slightly head in sand time for the markets at the moment I think. This is going to drag on for months. From cinemas shut, to airlines on the ground. You can imagine the knock-ons building for suppliers.
euro 2020 cancelled that billions from football lost on top of everything else.
1/3rd of the economy will pull down the rest.
Well i did say 5200 --5600 range Stock markets will be closed in about 7 days until virus is under control that is why I am buying a lot from to day several companies
Ftse to test 4000. It’s obvious. We are all in pain but it’s inevitable. Good luck Hope the suffering ends soon.
Zombie firms will finally get found out. Decent companies will survive.
Who are the FTSE zombies?
Staff will, be sent on unpaid leave then mass job cuts. House prices will crash and many firms fold. Absolute mess, and press has hyped this beyond belief to put the fear of God into everyone.
Looks like sub 5000 is here to stay for a while at least. Once the UK goes into lockdown it will go towards 4000 if not lower. Airlines and travel businesses decimated. 6 - 8 weeks of misery ahead of us.
Then is the time to buy in the right companies. In the meantime I have only cash, gold and companies without debt whose MCAP is below cash value.
The virus will become less virulent eventually.