nicko31
Well-known member
Oil off 30%
FTSE down 8%, that 24% since January 1st
Been a while since we've seen this keen of panic
FTSE down 8%, that 24% since January 1st
Been a while since we've seen this keen of panic
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Panic Selling
- Thread starter nicko31
- Start date
Is it PotG?
Thrifty non-licker
Not ALL doom and gloom in the markets.
Bog roll anyone?
Bog roll anyone?
Official Old Man
Uckfield Seagull
Brent Crude has gone down 50% in two weeks. 33$ first thing this morning but has climbed up a bit.
With the budget this Wednesday and pump prices falling (slower than wholesale) I would imagine fuel tax may be raised for the first time in many years.
With the budget this Wednesday and pump prices falling (slower than wholesale) I would imagine fuel tax may be raised for the first time in many years.
Based on past panics, it’s a good time to drip feed funds into buying shares eg through SIPP’s or ISA’s.
It isn’t, they caught a cold.
Official Old Man
Uckfield Seagull
Not really. I know it was probably said in jest but toilet rolls are something that, over the course of two months, you would only need x rolls. So buying 10 times x now means zero sales in two months time. You're never going to need more toilet rolls next week than last week unless that curry was off.
There's been a run on the market, with small investors completely wiped out.
There’s been a bit of a bounce in the last hour........ hold on tight
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,312
the oil thing is not directly corona related, Saudi are going in to price war with Russia.
This. Saudis have hugely increased production to drive down prices to try and hit the Russian oil producers.
LamieRobertson
Not awoke
Spare a moment for Trump and all those shale oil producers he championed to try and make USA self reliant ....they’ll be going bust with oil at its current price
Oh what a pity.
Unless I'm very much mistaken this is a non-story.
Recent history suggests the stock market can do what it likes as I can be relied upon to bail them out.
I for one will just be grateful for the opportunity to once again help the multi millionaires get back on their feet.
Recent history suggests the stock market can do what it likes as I can be relied upon to bail them out.
I for one will just be grateful for the opportunity to once again help the multi millionaires get back on their feet.
Tom Bombadil
Well-known member
Both Russia and the Saudi's could be damaged by that, which is marvellous.
hart's shirt
Well-known member
It isn't just multi millionaires who are shareholders and have an interest in the stockmarket.
It includes anyone who has a pension and also small private investors, either trying to build a nest egg or boost their income, especially in retirement, with interest rates being so low!
- Nov 11, 2009
- 11,363
Private pension getting battered, luckily not retiring just yet.
The oil thing is pretty significant and potentially dangerous, Russia walk away from opec agreed supply cut to boost price, Saudia then massively increase supply and cut prices (much lower costs to produce oil than Russia), to try and bring Russia in line which causes the massive dropn in price.
Saudia are one of the 2 regional powers backed by US, who are hated by the other regional power Iran backed by Russia. Venezuela where Russia are entrenched and keeping Maduro on life support, is absolutely relient on oil price, they could implode.
I don't fancy what a wounded Putin might do next.