Global stockmarkets continue to slide

[the_tyrant]

Originally Posted by jimbuna

A majority % of mine are and I can honestly say they are doing a lot better than anything I could achieve with fixed interest rates.

They also come with a guarantee of no loss of capital investment if you tie yourself into a 5 year term.

You want to see proof?.....PM me.

ahh good for you
no need to see the proof though, I'm not a Nigerian prince, I don't need your financial data

the market is still doing badly though:
http://www.bbc.co.uk/news/business-14410184

New York's Dow Jones index was trading more than 3% down, while Frankfurt's Dax and London's FTSE 100 indexes closed almost 3.5% lower.

European Commission President Jose Manuel Barroso's warning that the sovereign debt crisis is spreading spooked the markets.

Meanwhile, the price of gold hit a new record high of $1,677 an ounce.

[STEED]

It's all going to hell, lock & load.

I've always done well when the big corporations, and their stock markets, do poorly.
No complaints here.

When Wall Street does poorly,
Main Street gains an oppertunity to fill the gaps.
The strong survive.

[mookiemookie]

Originally Posted by Snestorm

When Wall Street does poorly,
Main Street gains an oppertunity to fill the gaps.
The strong survive.

It doesn't work that way.

Originally Posted by mookiemookie

It doesn't work that way.

It always has, and still does, for me.

[Respenus]

There is one thing worth mentioning. While things most certainly don't look calming at the present moment (with talk of a second European credit crunch especially), we should never forget that "If men define situations as real, they are real in their consequence" (the Thomas theorem). As of right now, everything, at least to me, seems like a self-fulfilling prophecy. The more we talk about saving countries, the more the contagion spreads; the more there is talk about recovery, the worst the economic results are.

So gentlemen, if it's not too much to ask, remain positive. At least until the missiles start flying

[Jimbuna]

Some would say now is the time to buy whilst prices are low.

As one financial 'expert' said on Sky News this morning...

"Buy from those who are weak or frightened then sell to those who are brave when the prices rise"

[Oberon]

Originally Posted by Respenus

So gentlemen, if it's not too much to ask, remain positive. At least until the missiles start flying

Tell that to the stockbrokers...


EDIT:

1211:
By the way, stocks are down about 6% in the US since the Smurfs movie ("A Magical Smurf Adventure") was released on 29 July. Coincidence?

XD

[Jimbuna]

Originally Posted by the_tyrant

ahh good for you
no need to see the proof though, I'm not a Nigerian prince, I don't need your financial data

the market is still doing badly though:
http://www.bbc.co.uk/news/business-14410184

Yes I must admit I noticed a sharp drop this morning but my fund is still 5% up on the previous twelve months.

http://funds.ft.com/aviva/AvivaLifePensionsUKLtd/NUAGRT