Ftse heading down - let's keep track!

6529- down 57 at moment!

More momentum:

FTSE 100 (FSI:^FTSE)

Index Value: 6,509.90
Trade Time: 9:49AM
Change: 76.20 (1.16%)
Prev Close: 6,586.10
Open: 6,586.10
Day's Range: 6,508.10 - 6,586.10
52wk Range: 5,821.70 - 6,754.10


US could rebound a bit today leaving the FTSE only moderately down at the close. But then again.................


I don't think we will see a HUGE (10% plus) sell off until the poisons lying in the mud have all hatched out. So far only 10% of the bad news is out. IMO its going to be a bank led collapse. Ben said he will cut IR if there is an "event" such as a large bank shutdown. We have had ours--NR.

Anyonen know how further US rate cuts - further weakening dollar - affects our economy?

I'm thinking specifically in terms of oil price - and exports/imports to/from the States. We still produce oil - is it priced in dollars? Are we a net importer?

What does a rising dollar oil price and a falling dollar against sterling mean for us?

Getting too old (and busy) to think it through.

I think Ben's about to get his own bank collapse very soon...

Only another 943 points before we can declare 'Black Friday'.

57 points.. magnolia friday?

Since mid June sterling has appreciated by about 4% against the dollar and oil is up by around 30%.
I assume from this that refined oil must be bought on forward orders much the same way that gas is and the true cost of this is yet to be seen.

Could we not just call it friday?

geesh, do we have to have a thread every time the FTSE moves downwards.

Its really not that unexpected, it kinda fluctuates all the time!

I'm afraid not.

You see, unless someone posts the same "Black Friday!" post every single time the FTSE moves down - then they can't come back and say "TOLD YOU SO!" if it really does go sour.

Apparently being able to eventually say "TOLD YOU SO!" eliminates the continual embarassment of getting it wrong every other week before that.