imlach

Oil trading at record high again today - was up at $44.77

Jobs figures in USA came out 20 minutes ago, and bad.....markets down nearly 1% before opening....

Doom & gloom!!!

TelBoy

Fookin shocker.

Guess who was long futures?

imlach

I'm short on crude right now......hanging on for a drop next week maybe....

yoza

Im short on petroleum going to throw a tenner in later.........

imlach

I'm sure it'll be one of the typical freaky trading days where the Dow stays around -100 all day, and then finishes +50 in the last half hour....

Ted Maul

unemployment not so bad though, wait for the bounce...

TelBoy

Can i bill you if it doesn't?!

Coming back a bit now, but 32k was absolutely dire. Fed August hike in some danger now, or at least any more after that for some time....

imlach

Tue at 7.15pm should be interesting......could see a big swing one way or another.....always a good opportunity for cleaning up on some binary bets.

chiark

Yoza, I appreciated it

GC8

Quality!

Nimbus

Don't hedge your bets there imlach....

imlach

Point is - with binaries, you can bet BOTH ways for little outlay if expecting a big swing....ie, a >+-50-70pt movement on the DOW at 7.15pm can be had quite cheaply. Quite often see a +-100pt swing on fed days.

Nimbus

I'll take your word for that

imlach

Ouch!
Market has hit the lowest it has been of 2004!

CrisPDuk

It's fooking scary isn't it, the livelihoods and prospects of millions of people around the world who actually MAKE THINGS!



Is held in the hands of a bunch of glorified bookies, loan sharks and gamblers

Butkus

You don't have to invest in the stockmarket though. But people believe they should as it must always go up over time. This isn't true, and people can get burned badly. I think it's very risky to hold shares long term with this 'belief' that the price will come back. When all this is tied into pensions and mortgages there are definitely big potential problems.