FTSE at 9 month low ...

**TimberWolf** · 25 May 2010, 08:55

Sterling is down over 1% against USD so far this morning too.

**fullyautomatix** · 25 May 2010, 08:57

Quick! More QE please and pump a few billion in to the stock market.

That will make the gullible public think all is good.

Oh wait...Brown isnt in charge.

**MarillionFan** · 25 May 2010, 08:59

Originally posted by sasguru View Post

...as investors realise that huge parts of Europe are free-loading, that there are ticking time-bombs in the European financial system and on fears of a new Korean war

FTSE hits near nine-month low | Reuters

This would never have happened under New Labour

**HairyArsedBloke** · 25 May 2010, 09:03

Originally posted by TimberWolf View Post

Sterling is down over 1% against USD so far this morning too.

It's more of a case of USD strength as the EUR is getting a caning too. Money is running to the 'safety' US Treasury Bonds. EURGBP looks 'good'.

**Fred Bloggs** · 25 May 2010, 12:22

Time to buy back in. I just have done. Probably it's time to buy back into Europe but I haven't just yet. The end of the workd doesn't arrive just because Greece goes t*ts up. This is a classic contrarian buying opportunity. Fill yer boots.

**minestrone** · 25 May 2010, 12:31

I think it will drop further.

**Fred Bloggs** · 25 May 2010, 14:44

Possibly, probably even, nobody can time the market that well, least of me. But on balance, it is usually more profitable to be contrarian. It can be really difficult mentally to put money into a plummeting market but it is more profitable than putting money into a rapidly rising market.

**HairyArsedBloke** · 25 May 2010, 14:57

With the EUR USD pair almost any trade can be profitable. So long as you have deep enough pockets to carry the margin and time enough to wait.

Note: this is one of my gags and not a recommendation for a trading strategy. (I have to add this old toot coz i'z a bit too close to the market)

**Jeebo72** · 25 May 2010, 15:06

Originally posted by sasguru View Post

...as investors realise that huge parts of Europe are free-loading, that there are ticking time-bombs in the European financial system and on fears of a new Korean war

FTSE hits near nine-month low | Reuters

Cash rich contractors keep buying all the way down... you'll make loads on the up turn... there will be an up turn ...

FTSE at 9 month low ...