Current Affairs Stocks and shares and stuff
- Thread starter Paris
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Fingers crossed.
Lots of rumours Credit Suisse is on the brink of collapse
Between this and CS could be an interesting trading day on Monday
markets.businessinsider.com
China tells state banks to prepare for a massive dollar dump and yuan buying spree as Beijing's prior interventions have failed to stem its currency's worst year since 1994
The amount of dollars to be sold hasn't been decided yet, but Reuters said it will primarily involve state banks' currency reserves.
markets.businessinsider.com
evilwebby
Player Valuation: £50m
Markets are very oversold so a Q4 bounce is very possible.
Saw a remarkable statistic recently that since the 1960s the S&P has never failed to rally over the 6 months after mid-term elections:
Stock Market Performance After Mid-term Elections | U.S. Bank
U.S. Bank’s historical analysis of stock market performance before and after midterm elections shows varying effects.
Martin Alvito
Player Valuation: £50m
Markets hate uncertainty. Traders sell in September and October to be ready to buy the things that will get a bounce when the election resolves, and dodge losses on the things that won't do well given who won.
Big first two days of trading in Q4:
Stocks roar back from 2022 low, S&P 500 on track for best 2-day gain in 2 years
Stocks surged to start the day Tuesday as Wall Street aimed to build on a sharp rally seen in the previous session.
evilwebby
Player Valuation: £50m
I didn't think we'd see the market pushed back down so quickly, but that is what can happen in bear market.
Stocks are sitting over a precipice right here with the S&P @3600. This is an important area of support - if we break lower then we could see a waterfall decline.
TBH I think it's gotta happen - if not now then later. I feel that although sentiment is bearish, we haven't reached capitulation yet, and there is probably at least another leg down to go, one that could be very sharp that finally gets people panic selling and dumping their stocks.
Stocks are sitting over a precipice right here with the S&P @3600. This is an important area of support - if we break lower then we could see a waterfall decline.
TBH I think it's gotta happen - if not now then later. I feel that although sentiment is bearish, we haven't reached capitulation yet, and there is probably at least another leg down to go, one that could be very sharp that finally gets people panic selling and dumping their stocks.
Billy Dean
Player Valuation: £70m
Just started investing in a couple of ETFs. Feels like I'm a bit too late
Scary isn’t it when you first dip your toe in the water!
On the plus side Investing, rather than trading, is generally a longer term thing especially if the target is money for retirement.
So whilst there are in theory more/less optimal times to put money in in practice it is really hard to “time“ the markets and even those whose job it is often get it spectacularly wrong - as multiple financial scandals across the centuries have shown!
Billy Dean
Player Valuation: £70m
Yeah it is a bit scary! Although the more I read about them the more money I want to put into them
I meant too late as in I'm quite old now (42) so not much chance of being able to retire early off them unfortunately!
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