I was watching oil at the start of the session which was up and I was expecting more support in the FTSE to the confirmation that UK won't raise rates in the near term - maybe a relief rally. It is a tart to the spx though.
I was watching oil at the start of the session which was up and I was expecting more support in the FTSE to the confirmation that UK won't raise rates in the near term - maybe a relief rally. It is a tart to the spx though.
Strugglingtrader
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I was watching oil at the start of the session which was up and I was expecting more support in the FTSE to the confirmation that UK won't raise rates in the near term - maybe a relief rally. It is a tart to the spx though.
It would be too text book perfect for the FTSE & S&P to bounce off their August 2015 lows and rally from there. Still bearish and given no support for oil, should expect little support elsewhere
Generally concerned, even though I'm on the right side no one comes out of this unscathed.
P
postman
Yes, if it keeps going down and another recession hits, we may be making lots of lolly on trades but losing a couple of hundred thousand on house prices.
Strugglingtrader
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Yes, if it keeps going down and another recession hits, we may be making lots of lolly on trades but losing a couple of hundred thousand on house prices.
It's a zero sum game
But at least you see it and can manoeuvre , most people including a close mate who owns a "lot" of student accommodation claims he is happy to be in bricks and mortar!!!
Cash and in that US$ only for me.
Yes, if it keeps going down and another recession hits, we may be making lots of lolly on trades but losing a couple of hundred thousand on house prices.
Couple of hundred thousand?....you must live in London or Richmond! Anyway with houses its all relative - as long as you're on the UK ladder - unless you want to flog it and take your lucre to set up in Spain or suchlike. Anyway you won't notice the rug being pulled from underneath you if the politicians have their way!
P
postman
Coming up for a 400 point drop on dow from 11:30 high.
Brutal.
Brutal.
P
postman
Close 15,975 on dow today.
P
postman
Thats 50 points off the s&p.
FTSE is being drawn magnetically to the 5800 level (on my SB quote)
P
postman
:clap:
P
postman
I would be surprised if Dow went positive before the close. But then again nothing should surprise me in these markets.
P
postman
15,978 right now.
P
postman
Couple of hundred thousand?....you must live in London or Richmond! Anyway with houses its all relative - as long as you're on the UK ladder - unless you want to flog it and take your lucre to set up in Spain or suchlike. Anyway you won't notice the rug being pulled from underneath you if the politicians have their way!
4 bed semi in St Albans, (not even inside the M25).
Sale Date Property Price Paid Source
19 Nov 2015 Semi-Detached, Freehold £855,000 Land Registry
http://www.rightmove.co.uk/house-pr...23?prop=51781178&sale=1955515&country=england
http://www.theguardian.com/money/2009/jan/06/house-prices-fall-in-december
House prices fall by 16% in 2008
In just one year that house could drop by £135,000 if we see the same thing as last time.
P
postman
Strugglingtrader
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I'm already regretting having it as a buy to let.
Where is St Alban's
Doesn't really matter having a buy to let, key is to have no or very low debt.
Hi guys - new to the thread and not been on the forum for ages.
Keep an eye on this possible triangle on the Nasdaq futures (10 min chart):
The same on the Dow futures:
The bullish argument right now is the possible inverted H&S on the Dow:
It doesn't look quite right - the right shoulder is lower than the left BUT it did make a higher high before forming the right shoulder. Those are the most reliable (inverted) H&S formations - where you start getting higher highs and higher lows - and vice versa for H&S formations.
Good luck to everyone!
Keep an eye on this possible triangle on the Nasdaq futures (10 min chart):
The same on the Dow futures:
The bullish argument right now is the possible inverted H&S on the Dow:
It doesn't look quite right - the right shoulder is lower than the left BUT it did make a higher high before forming the right shoulder. Those are the most reliable (inverted) H&S formations - where you start getting higher highs and higher lows - and vice versa for H&S formations.
Good luck to everyone!
P
postman
I have been out of UK living in Oz for almost ten years before coming back....barking values. If I were you I would take the cash while you can and rent yourself!! (Spain's still looking cheap)
