Quote:
Originally Posted by emjay
4 years ago.
UK down 8% today. 10% is a crash.
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There's no numerical value that determines "a crash" but many consecutive days of large drops. Keep this up all week, and thurs/fri yeah it'll be a crash.
In 12 months, all markets have been declining, resulting in wiping 25% off FTSE, 30% off DJ, 32% off CAC40, 50% off Nasdaq.
Brown, Sarko and tits didn't help with their procrastinating at the weekend
Quite interesting though that all indices now have internal breaks for stopping an all-out crash in a single day. All that doe is prolong the downward spiral keeping things as simply a "credit crunch" thereby stopping any type of rally!
1987 here we come, but hey every cloud has a silver lining.... pick stocks in stuff that are relatively immune from market dropoffs and invest, cos they're all at 2-4 year lows. It'll all come back if the company can stay afloat.