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Have we seen the bottom of the FTSE?

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    Have we seen the bottom of the FTSE?

    Is now (or probably Friday afternoon last week) the time to buy?

    Thoughts from the congregation invited (and if Cybertory could keep from making his post a party political broadcast that would be most kind).
    ǝןqqıʍ

    #2
    No.

    There is a lot more DOOM to come in this soap opera.

    I call the bottom of the FTSE around 3500, maybe lower.
    Cats are evil.

    Comment


      #3
      Depends.
      ‎"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."

      Comment


        #4
        Definitely not. The really bad news is yet to come.
        Hard Brexit now!
        #prayfornodeal

        Comment


          #5
          yes

          and

          yes

          Comment


            #6
            Originally posted by sasguru View Post
            Definitely not. The really bad news is yet to come.
            That being...?
            ǝןqqıʍ

            Comment


              #7
              Originally posted by DiscoStu View Post
              That being...?
              CDS unwinds for UK banks - depending on the wording of the contract.

              UBS had $220Billion of Lehmans contracts, Christ only knows how much the whole shebang is worth.
              ‎"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."

              Comment


                #8
                Originally posted by DiscoStu View Post
                That being...?
                Our own home-grown defaults rising for both mortgage and other credit as more people become unemployed leading to a second sucker punch for the banks. Earnings growth for companies falling hugely in the recession. Etc.
                Hard Brexit now!
                #prayfornodeal

                Comment


                  #9
                  Originally posted by DiscoStu View Post
                  That being...?

                  ... The Derivative Death Star.

                  Comment


                    #10
                    Originally posted by Moscow Mule View Post
                    CDS unwinds for UK banks - depending on the wording of the contract.

                    UBS had $220Billion of Lehmans contracts, Christ only knows how much the whole shebang is worth.
                    + WHS
                    Hard Brexit now!
                    #prayfornodeal

                    Comment

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