stevebt

iTrader: (8)

Friggin hell its over 4000 points now and all the others seem to be making improvements as well! I wonder how long before they all drop again.

BBC NEWS | Business

SunnySideUp

I hope plenty bought when it was bouncing off the 3000 level

Housing market is looking up, car sales up, discounts disappearing, the FSTE usually leads the way out of a recession ....... we will be feeling really good come Election Time!

Pete

Steve,

I,d say a recovery is/will start mid year personally, still along way from FTSE 6850 though, but signs are showing atleast....

njkmrs

I have been watching the FTSE for the last few months and it has been bouncing up and down like a Jack in the Box .!!!!

It has been predicted as ending up at over 5000 by the end of the year .
Who knows,pound getting better as well against the dollar/euro .
Things could be recovering .

ash9988777

far from recovery. bank shares are up which is a good sign. but still so vunrable. i watched barclay share price drop from 1.30 to 48p in 3 days... i made a nice little earner out of the one

TopBanana

It'll be down near 3000 again before too long

SunnySideUp

I think that the crisis is pretty much over for most people ...... reality is, most people didn't feel anything happening in any case.

Matteeboy

Apart from the 1 million or so people who have lost there jobs maybe?!

SunnySideUp

Of course, but most people get another job or see it as a chance to change the way they do things - it can be a really positive experience, if rather daunting at first.

There are casualties, I am not denying that, but - I repeat, to 'most' people nothing actually happened bar a lot of worrying and newspaper reports of impending doom.

It could get worse .... but, it seems to be improving by the day.

SPEN555

Don't forget the massive impact this has had on he pensions and the huge deficits this has caused.

This news has yet to hit the tabloids from what I can see.

SunnySideUp

I know all about this hit ..... I have estimated it will cost me around £100,000 in increased payments and lost benefits over the next 10 years

Pete

One thing that will de-rail the whole recovery is AND hopefully it wont happen again TERRORIST ATTACK...........

alloy

All seems over done towards the upside my preference is short positions with a medium term target on the index of 3405!

Biggest threat is still the stability on the Banking sector, not their liquidity but the insolvency potential!

Deep Singh

Er, when did it 'bounce' off the 3000 mark, the lowest close was about 3600 wasn't it?

MattW

Tut tut Matteeboy, spelling dear boy

Pete

Yes Deep, it was a few weeks back.......

warrenm2

No Pete...

HSBC ShareShop

Deep Singh

Either way it never bounced off the 3000 mark. Pslewis has shown himself to be an amateur yet again

Pete

ROFLOL, so i was 90 points out... nowhere near 3000 was it??

stevebt

iTrader: (8)

I'm pretty sure the lowest it got this year was 3460. Thats still a long long way from 3000

Fabioso

Hate to be a party pooper but anyone who reckons the economy is going to improve before next year is at best......seriously optimistic and at worst.......dillusional.

In case anyone has missed it, the whole prosperity of "Gordon's Britain" has been based on a load of people buying more "stuff" by "slapping a bit more credit on the mortgage" on the back of their ever rising property price.

Thats all gone, I don't mean a bit, I mean totally. So now they're fooked.

Negative equity here they all come..........its going to get worse before it gets better from what I've seen so far. If I'm wrong then you best get stuck into UK banking shares now or you'll have missed the boat

I've looked at the government borrowing figures to "bail us out of this crisis" and looking ahead in the next 5 years, I shat a very big brick...........I really hope I am so very wrong though

warrenm2

Sorry but you are misreading the graph - look again!

Looking on intraday figures from Digital Look gives the lowest point at 3460.7 on Mar 9 - so you are 460.7 points out

Leslie

Don't forget all the extra taxes which are coming with the inflation in the future.

Just as soon as they can't borrow or print any more money!

Les