This country is finished...I realised on my journey into work this morning that the financial year end is approaching and I hadn't seen one poster advertising ISA;s etc...the end is nigh!
Personally very happy as it can only mean the high end property prices within striking distance of London must come down.
Chucky

Chuck, i was talking to someone yesterday who seriously thought there was a realistic chance of some of the equity indeces reaching negative numbers!! :eek:

Granted, he's the world's biggest bear, but you have to concede it's a possibility. The Dax is now below 2,250 - who'd have thought that?

Keep your money in cash ISAs, that's my advice, for what it's worth.

Tel, He's talking out of his arse mate ;)

merkin, talk me through it. I'd love to be able to tell him why he has to be wrong.

Well, yet another reason I'm so glad I'm doing my rat impersonation and jumping from the sinking ship that is the UK, and swimming off to Canada

merkin, so what does 0 on the Dax, for example, represent? Surely that's just a benchmark set long ago. Is it definitely irrefutable that this level cannot be broken? Isn't it just "another number" in the scheme of things?

people said last yr the FTSE was never gonna drop below 3500- look where it is now. The fact is most companies are under-capitalised and over valued. Its re-adjustment time

edited due to finger trouble!

[Edited by scooby-new - 3/12/2003 12:14:18 PM]

Tel,

Pan European equity indices (with expetion of the Dax which is a total return index) are market cap weighted. To get to zero, let alone a minus figure, every single index constituent of the index would have to be trading at zero or be bankrupt (disregarding the fact that index changes would happen before all the companies went bankrupt, and whatever profitable companies there were would then make up the index). to get to minus figures, the shares would have to trade at minus figures, which cannot happen, they would be declared bankrupt before they reached zero.

[Edited by merkin - 3/12/2003 12:21:55 PM]