Black Monday?

Pippa · Post by **Pippa** » 08 Jun 2006, 10:04

Anyone else get the daily reckoning? Its free and gives a really good insight as to what is happening on the stock market.

www.dailyreckoning.co.uk

You can find out about experts view about oil, gold, commodities, shares etc etc. They talk alot about peak oil!

Post by **clv101** » 13 Jun 2006, 07:12

Did anyone see the BBC coverage of Mervin King's (governor of Bank of England) speech yesterday?

Full speech available here: http://www.bankofengland.co.uk/publicat ... ech277.pdf

The BBC coverage was very good, saying that the economy was a game of two halves, first half good the 2nd half bad and illustrated it with these two images of the recent past and what we've got to look forward to.

Markets are down again, with Tokyo Nikkei closing -2.71% last night.

EDIT, maybe it hadn?t closed, the Nikkie is down 4.14% now!

All global indexes are showing red: Market Data

snow hope · Post by **snow hope** » 13 Jun 2006, 09:36

FTSE100 has dropped 10% in the last month......

Pippa · Post by **Pippa** » 13 Jun 2006, 10:19

Hatchelt

I would definately recommend that you sign up with the dailyreckoning website. It is highly enlightening, don't take it from me, read all about them at

www.dailyreckoning.co.uk

Post by **clv101** » 13 Jun 2006, 10:34

hatchelt wrote:Are these Peak Oil warning signs coming through?

Energy bills push up UK inflation 13 June 2006
Higher gas and electricity bills helped to push UK inflation up to 2.2% in May, from 2% the month before, official figures have shown. The Consumer Prices Index (CPI) rate of inflation has now risen above the government's 2% target. The headline rate of RPI inflation, which includes mortgage interest payments, rose from 2.6% to 3%.
http://news.bbc.co.uk/1/hi/business/5074570.stm

Totally_Baffled · Post by **Totally_Baffled** » 13 Jun 2006, 12:52

THE MARKETS 12:48 UK

FTSE 100 5482.1 -138.80

Dax 5285.0 -110.55

Cac 40 4610.2 -113.03

Dow Jones 10792.6 -99.34

Nasdaq 2091.3 -43.74

S&P 500 1236.4 -15.90

BBC Global 30 5238.9 -64.52

snow hope · Post by **snow hope** » 13 Jun 2006, 13:02

hatchet - the oil situation is at the basis of it in my opinion - I am afraid I see this as the start of the unravelling of just about everything. I know this may sound bleak, but when you look at all the issues and problems we are facing as a civilisation at the moment it is hard to come to any other conclusion than a steep downhill trend.

SherryMayo · Post by **SherryMayo** » 13 Jun 2006, 13:42

Its the same down-under:

Stockmarket wipe-out

The Australian stockmarket was in the doldrums again today, with investors wiping off another $25 billion off its value in the biggest one-day fall since September 11, 2001....

http://www.theage.com.au/news/business/ ... 24529.html