Market Volatility at Highest Level since 9/11

[DAVEM]

Hi,

Anyone else a little concerned at the state of the markets at the moment?

Huge drops on the major EU markets, especially the CAC after BNP (<- bank not the party!) froze certain US funds.

It looks like it's all caused by US mortgage problems. But the effect is being seen here too, Northern Rock lost 9.5% off the value of there shares on Friday?

Time to panic or a lot of fuss about nothing?

SRY if this is a report - but hey there's no search function!

 

[Johnnytoxic]

Do I still get $2 a £1 Whooo hooo !!

 

[Ex-RoNiN]

I'm more worried about China threatening to nuke their US reserve funds.

EDIT: Link

 

[DAVEM]

Just market volatility like you said at the moment, in my opinion. If it carries on for ages I'd start worrying. \o/

Worrying IMO

 

[Posty]

the long term effects won't be large and history shows that it will be back to normal soon, also most estimates for years end are still reachable

 

[DAVEM]

the long term effects won't be large and history shows that it will be back to normal soon, also most estimates for years end are still reachable

IMO the next three working days are critical, if this volatility continues I can see the FTSE dropping below the 6000 mark

Central banks are plowing billions in to try and stablise things.

Personally I think this could be on the first examples of fears ruling over common sense

 

[mattx2]

Volatility has been way to low the last few years, which is why credit has been so easy to obtain for individuals and companies. Now all this easy credit is comming back to bite the people/companies that lent it too cheaply which is causing some of the increased volatility we are seeing.

Its just the start of things getting back to normal higher intrest rates and credit being much harder to obtain.

 

[the shadow]

Might bring on a housing crash. bring back affordable homes i say.

 

[Dolph]

Might bring on a housing crash. bring back affordable homes i say.

Homes are affordable now, demand is just higher than supply so the market finds the point where demand and supply are equalised.

 

[Lysander]

100.00 GBP = 201.701 USD

1 GBP = 2.01701 USD 1 USD = 0.495784 GBP

I'm happy!

 

[skiba]

People are starting to realise the true value of the subprime mortgage market, this drop is here to stay. We saw highest ever equities trading volumes on Thursday and Friday...mayhem.

 

[Mik3]

100.00 GBP = 201.701 USD

1 GBP = 2.01701 USD 1 USD = 0.495784 GBP

I'm happy!

Its not good for us that get payed in dollars

 

[joeconway]

i wish i understood all this in greater depth

 

[SidewinderINC]

i wish i understood all this in greater depth

yup me too


i kinda understand the china thing, but not clearly.

 

[Tenzen]

Homes are affordable now, demand is just higher than supply so the market finds the point where demand and supply are equalised.

This is comedy gold. Since when did going into a life debt ever make something affordable? Hey I can afford anything atm, all I need to do is fill my boots with debt!

The recent falls in the market are the rumblings of the next great depression.

This is an excelent book which makes essential reading at a time like this. Written over two years ago, the author is very prophetic!

http://www.amazon.com/Second-Great-Depression-Warren-Brussee/dp/1591136881

All this debt has to be paid back and once critical mass is acheived people will stop spending and all of a sudden the economy will come crashing down....as it does EVERY TIME.

 

[Glaucus]

Nope, why would I be.
Got a secure job and all my credit is fixed rate.

The recent falls in the market are the rumblings of the next great depression.

That remains to be seen. The banks can rein in lending without causing a depression. I still think a depression is unlikely. Wish it would happen though.

 

[AdladUK]

Worrying IMO

Your point?

 

[Tenzen]

Nope, why would I be.
Got a secure job and all my credit is fixed rate.



That remains to be seen. The banks can rain in lending without causing a depression. I still think a depression is unlikely. Wish it would happen though.

You cannot rein in the debts when real earnings are decreasing and inflation is on the up, without causing a depression. The banks flooding the markets with even more money just delays the inevitable and makes the drop that much further.

 

[Glaucus]

You cannot rein in the debts when real earnings are decreasing and inflation is on the up, without causing a depression. The banks flooding the markets with even more money just delays the inevitable and makes the drop that much further.

you can help to avoid it, by tightening up on lending. Which they don't seem to be doing yet, so it would appear the banks aren't worried yet. If there's a depression they stand to lose more than the average joe.

 

[Dolph]

This is comedy gold. Since when did going into a life debt ever make something affordable? Hey I can afford anything atm, all I need to do is fill my boots with debt!

Because people didn't need mortgage until recently? That's a moronic argument if ever I heard one. Credit is and always has been a staple of any market economy, to suggest otherwise is idiocy in the extreme.

The recent falls in the market are the rumblings of the next great depression.

In your opinion.

This is an excelent book which makes essential reading at a time like this. Written over two years ago, the author is very prophetic!

http://www.amazon.com/Second-Great-Depression-Warren-Brussee/dp/1591136881

Heard it all before, usually at least once a year.

All this debt has to be paid back and once critical mass is acheived people will stop spending and all of a sudden the economy will come crashing down....as it does EVERY TIME.

Yawn, yawn, doomsday prediction, blah blah...

Forgive me if I fail to believe your rant, or even fail to take it seriously.