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Topic History of: FTSE 100 - decimated Max. showing the last 5 posts - (Last post first)
Green Man |
My friend is worried; he has not done any job in well over a decade, he lives by investing in the stock market. He rents a nice property from the council.
If it crashes then I wonder if bitcoin is the answer to his prayers ) |
Barney |
Put simply - and quite apart from the nation's health - the ongoing financial consequences of Coranavirus are unsustainable.
Taking a banking share at random - Lloyds Bank. A month ago, its share was trading at 58.
Now, its dropped to 37 - a 36+% reduction, like the value of the long established institution itself.
Income, investments and pensions are being seriously compromised.
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Barney |
Analysts are saying that the principal reasons for the massive drop is the virtually simultaneous announcements of a ban on flights - from most of Europe to the US - and the World Health Organisation's decree that the Coronavirus is now, officially, a pandemic.
Gradually countries are slowly shutting down - cancelling events, large gatherings - even schooling in Ireland. And it will be interesting - over the next few hours - to see how Boris, and his Cobra team, react to the firm decisions and seemingly drastic actions - of neighbouring nations.
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JK2006 |
Further proof needed - not that it is - that media can inflate something out of all proportion and people will always admire The Emperor's New Suit. |
Barney |
Down nearly 10% today - to 5,339
Biggest one day fall for 33 years
Worst since Black Monday, 1987
Virus - killing shares too...
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