How to take advantage of recession??

Originally Posted by Sudoxe

Nope, that’s the inter-bank money market rather than the stock market.

(Un)fortunately market sentiment generally overrules technical analysis on this and there is still a bad feeling in the air regarding Morgan Stanley along with WaMu looking for a deal with another bank.

Market sentiment in London is up due to the HBOS take over (along with many other reasons)

I would suggest that the DJIA will close down today.

What do I know though, im just a geek!

Dan

I believe that you did not have an understanding of the encouragement the central bank action of today would have on the markets:

What cant speak cant lie...markets recovering:


MARKET DATA - 15:20 UK
FTSE 100
4978.00up
65.60 1.34%
Dax
5933.02up
72.04 1.23%
Cac 40
4066.85up
66.74 1.67%
Dow Jones
10811.58up
201.92 1.90%
Nasdaq
2142.81up
43.96 2.09%

Originally Posted by Flamin_Squirrel

That sounds like dangerous Tory propaganda to me. That money is needed to pay for the police that are on their way round to get you for not believing in the great Labour regime...

David 'Blair' Cameron

I can't believe that out of the WHOLE country, we're going to have to choose between two such muppets.

Mind you, it makes me understand how the Yanks must feel right now

Originally Posted by Pedrosa

I believe that you did not have an understanding of the encouragement the central bank action of today would have on the markets:

What cant speak cant lie...markets recovering:


MARKET DATA - 15:20 UK
FTSE 100
4978.00up
65.60 1.34%
Dax
5933.02up
72.04 1.23%
Cac 40
4066.85up
66.74 1.67%
Dow Jones
10811.58up
201.92 1.90%
Nasdaq
2142.81up
43.96 2.09%

I believe that you did not have an understanding of the lack of encouragement the central bank action of today would have on the markets:

What cant speak cant lie...markets receding:


Exchange Dow Jones indexes Price 10,596.88 Today's Change -12.78 (-0.12) Open
10,609.01 Prev Close 10,609.66


We will see how this plays out at close today...

[Biker Biggles]

This sort of intervention is the time honoured way the major economies are stimulated by their central banks(governments)and is essentially the Keynsian model developed after the 1929 Wall St crash to get things going again.It worked reasonably well for over half a century,but in todays global economy even concerted action by five or six nations is not enough to "buck" the market.If you add up the money available to the worlds major investors such as merchant banks,hedge funds sovreign wealth funds and private equity funds you can easily locate five to ten trillion dollars.Today the bank of england freed up fourty billion dollars and a fair bit more from the Americans and others.The markets rise a bit,but its chicken feed compared to all those trillions.
Central governments simply dont have the backup and clout to have any long term effect on whats going on out there.A new world order has arrived perhaps?

Sit tight as it is likely to be something of a roller coaster type graph for a short time yet.

[Biker Biggles]

Must remember to apply for that job working for the Sultan of Dubai.He's got all the money it seems.

the gypo's round my area think lead is a good commodity at the moment....

[Biker Biggles]

They are right.Far better value than the houses they are nicking off.

[Dave20046]

Originally Posted by gettin2dizzy

Just wait a few weeks until the price of luxury holidays hits rock bottom

And then the airlines go bust?

[Biker Biggles]

Last weeks news.Airlines already bust.Will have to take eurotunnel.Oh that burnt down.Looks like Blackpool then.