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anyone else doing this today knowing its only going to do down and down?
why is it?
kinda a big deal. Last time it was below 5000 was after september 11th. its dropped 110 this morning alone. now at under 5200.
It was crap before (these two companies) but they only just chose to recognise and announce it yesterday (or the day b4)
All my doom and gloom stuff is merely me reporting that which is already upon us, mostly what you are now hearing as news is announcements confirming this.....of course these announcements will then spur on activity which will iteratively make things worse......simply because 'experts' do not/cannot recognise that which their expertise does not recognise.
Since they come (mostly) from an orthodox uniform expertise they share similar blinkered vision.
ALthough there will be some economy students who will pipe up....ohh no thats not true there are plenty of 'gurus who predict bad stuff' they are mostly just flogging their books and they dont really seem to grasp the fundamentally non scientific aspect of caonsumer capitalism trying to put a monetry value on anything......the assisnation of much monetary value various aspects are worth is largely arbitary and often could count as a 0 in some algorithms, because some aspects could be given nominal values, some aspects of them could be priceless enough to render the economies worked out to be meaningless.
for having the foresight and wisdom to not have any savings, investments or shares whatsoever.
It is potentially bottomless. Im suprised that all experts dont mention this
leaves me with 3 scenarios
a) I can see and understand it all better than all the experts that 'THEY' use, cos I am clever
b) as 'a' except that im not very clever, its more a case of The experts are stupid
c) The experts are fibbing
d) 'THEY' are editing that which the experts say.
sorry 4 scenarios
"The FTSE won't fall below 5200. FACT"
So my friend told him to put up or shut up and sold him at a pound a point.
He can afford to go out this weekend now
its going under 4000
but that's an extreme scenario. Put your money where your mouth is and buy some ftse puts.
Have to admit, I was a buyer at 5500 about six months ago, don't know if I'd even buy 5000 now.
apparently there's support at 5090 but it smashed through two other support levels today so I would be too confident.
Also, September 11th 2001 wasn't the last time it was below 5000, it went below 4000 in 2002 after the tech bubble burst.
i was kinda classing them as the same period. graduation year for me ;)
from The Day Today, is as far as my understanding of economics goes.
or even 2000? cos that realistically feels like a more realistic appraisal between 1000 and 2000, of course this will not stabilise at this because if it does go below 2000 then the stupid headless chickens that 'THEY' have operating the cogs and pulling the levers wouldnt actually have any view point left having seen so many of their 'certainties smashed' so they wouldnt even know to be confident to do the trading that would see it bottom out at over 1000....their nerves will be shot to shreds and all they seem to go on is confidence.
You guys seem to have a complete shower of uselessness running your society.