Draino76 Posted 12 March, 2009 Share Posted 12 March, 2009 Folks. A report landed on my desk today and I nearly **** myself. Its from Citibank; and it tells us that the stock market is about to fall by at 50% this year. When I get to work tomorrow I'll try and post the pdf. but I don't know how..yet. The most frightening thing about it is this has been published by Citibank themselves. What does that mean for Citi? I am unable to pick my jaw up from the floor. Stock market hell is on its way, and will almost definately happen very soon; within the next couple of months. EDIT: I can PM the PDF tomorrow morning to whoever is interested. Link to comment Share on other sites More sharing options...
saint_stevo Posted 13 March, 2009 Share Posted 13 March, 2009 i'll buy some in about 6 months then?! Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 13 March, 2009 Share Posted 13 March, 2009 What do they care, they have there federal assistance after loosing billions amongst other things to the 'subprime' markets, if I lend Trevor Tramp £150.00 knowing full well he could not pay me back, do you think the Government should pay me back ? Link to comment Share on other sites More sharing options...
warsash saint Posted 13 March, 2009 Share Posted 13 March, 2009 Well the various markets around the world sure haven't read it. Modest gains in Asia over night with European markets following suit. My US shares have jumped 50% in just 5 days this week Link to comment Share on other sites More sharing options...
Iowsaintsfan Posted 13 March, 2009 Share Posted 13 March, 2009 I have some shares in Stobart, and they are going against the trend atm! Link to comment Share on other sites More sharing options...
saint_bert Posted 13 March, 2009 Share Posted 13 March, 2009 I have Tesco shares. They always make mahoney Link to comment Share on other sites More sharing options...
fish fingers Posted 13 March, 2009 Share Posted 13 March, 2009 I have shares in RBS, they will climb at some point. Link to comment Share on other sites More sharing options...
Hatch Posted 13 March, 2009 Share Posted 13 March, 2009 I sold all mine about 4 years ago. Link to comment Share on other sites More sharing options...
thesaint sfc Posted 13 March, 2009 Share Posted 13 March, 2009 I've got rather a lot with Santander Kinda wish I got rid of them now. I was going to use the £££ for my deposit on my first house Link to comment Share on other sites More sharing options...
Special K Posted 13 March, 2009 Share Posted 13 March, 2009 Doubled my money on Taylor Wimpey shares a few weeks ago. Bought them at 12p and they had a two day hike due to some positive news about their refinancing and they leapt up to 28p. Didn't quite catch it at the peak, but was happy with the result. Got some Lloyds tsb shares though - bloody awful they are. Link to comment Share on other sites More sharing options...
Thorpe-le-Saint Posted 13 March, 2009 Share Posted 13 March, 2009 And once again we see the failings of capitalism. Link to comment Share on other sites More sharing options...
spyinthesky Posted 13 March, 2009 Share Posted 13 March, 2009 Not many people over here were complaining about capitalism a year or so ago when most people in the developed world were doing OK. Unfortunately any economic boom will, at some stage, downturn and we are suffering this big time at the moment. Just finished reading a book on Victorian Britain and there was a big banking crisis in the 1870's. Additionally the railway boom saw fortunes made in shares until the sector ran out of steam (sorry about the pun) and when the downturn came lots of people ended up in debtors prison Link to comment Share on other sites More sharing options...
Ponty Posted 13 March, 2009 Share Posted 13 March, 2009 And once again we see the failings of capitalism. Damn straight. The USSR and China never had this problem. Link to comment Share on other sites More sharing options...
Mole Posted 13 March, 2009 Share Posted 13 March, 2009 I prefer to invest in antique spoons. Link to comment Share on other sites More sharing options...
John Boy Saint Posted 13 March, 2009 Share Posted 13 March, 2009 Who is going to listen to a bank that can't run itself solvently without outside assistance, if you have shares sit on them don't panic and unload them as you will only make matters worse. I have 20 odd years before we might have to start dipping into ours by then the world will have gone round a few thousand times and them events of these turbulent years will have passed into history. Link to comment Share on other sites More sharing options...
Draino76 Posted 13 March, 2009 Author Share Posted 13 March, 2009 Who is going to listen to a bank that can't run itself solvently without outside assistance, if you have shares sit on them don't panic and unload them as you will only make matters worse. I have 20 odd years before we might have to start dipping into ours by then the world will have gone round a few thousand times and them events of these turbulent years will have passed into history. This is what made my jaw drop. I probably did not explain myself properly but I have been receiving these updates from Citibank for over 5 years. The last couple of years have been buy this, buy that. Independant of Citibank we probably have about 2 or 3 weeks before something proper pants happens. Link to comment Share on other sites More sharing options...
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