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What Happened Today 28/10/09

  • 28-10-2009 5:00pm
    #1
    displaced dub
    Registered Users, Registered Users 2 Posts: 766 ✭✭✭


    hi all

    looking to find out why we had such a big correction in the market today??

    I know that ING was affecting bank shares through out europe, but everything got hit today?


Comments

  • #2
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    I think this was the retrace that was predicted for some time. There is probably more to come too. Unless of course some encouraging data is released to counter. Possible U - shaped full recovery.


  • #3
    boomshackala
    Closed Accounts Posts: 160 ✭✭boomshackala


    I think thats the wrong question.

    A better question is how did the makets go up 50% in the last 6 months, the quickest incline in a lifetime, while the real world says we're only a fraction of the way through credit default, job losses, and commercial activity.

    My bet is we haven't hit bottom yet and the retrace was due to a adrenalin shot, against the overwhelming force of the situation, which is dire.


  • #4
    Lexus1976
    Closed Accounts Posts: 702 ✭✭✭Lexus1976


    Combination of financials, worse then expected figures coming out of the US and consumer sentiment.

    Another buying opportunity :D


  • #5
    boomshackala
    Closed Accounts Posts: 160 ✭✭boomshackala


    There was something eerie about today, time will tell..


  • #6
    boomshackala
    Closed Accounts Posts: 160 ✭✭boomshackala


    they are effing with your money. Short positions are order of the day.


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  • #7
    Mr Minraise
    Closed Accounts Posts: 138 ✭✭Mr Minraise


    displaced dub wrote: »
    hi all

    looking to find out why we had such a big correction in the market today??

    I know that ING was affecting bank shares through out europe, but everything got hit today?

    Dont give up your day job


  • #8
    aftermn
    Closed Accounts Posts: 138 ✭✭aftermn


    with 3.5% available on retail deposits and deflation at 6%, why would you worry your head with all that?


  • #9
    boomshackala
    Closed Accounts Posts: 160 ✭✭boomshackala


    So who thinks we're still on a bull run?
    Not me

    Going to close all long positions monday, pension , everything


  • #10
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    VIX just had its biggest one day jump ever. Get out of stocks in the short term imo.

    People buying S&P puts in earnest.

    Not good.

    .


  • #11
    displaced dub
    Registered Users, Registered Users 2 Posts: 766 ✭✭✭displaced dub


    pocketdooz wrote: »
    VIX just had its biggest one day jump ever. Get out of stocks in the short term imo.

    People buying S&P puts in earnest.

    Not good.

    .

    Hi PD

    Are you saying to get out of everything including shares that are being held as long term investments??

    What is the exact meaning of vix


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  • #12
    MrMatisse
    Closed Accounts Posts: 1,743 ✭✭✭MrMatisse


    Vix is a risk measure.

    The US is out of recession. There is now a worry that interest rates may be raised and the huge amount of liquidity that has been released by rock bottom rates and which has been driving the market will seep away.


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