Digsy Posted October 19, 2005 Share Posted October 19, 2005 Nearly one month of sharp falls on the FTSE100 - almost at a two month low. WTF? What's triggered that then? Link to comment Share on other sites More sharing options...
Alex Posted October 19, 2005 Share Posted October 19, 2005 Oil + America getting a shoeing off of mother nature. The consumer markets are dead, inflation is rising, everyone's not spending...because they bought too many over inflated houses.... Link to comment Share on other sites More sharing options...
Aerotop Dave Posted October 19, 2005 Share Posted October 19, 2005 My mining company is going up though But Pepsico are still way less than what I paid for them My pharmaceutical company is going up though But Ericsson are still way less than what I paid for them And I cashed in my ISA last month having lost £3000 on it - what I got back has just paid for my new suspension bits. Link to comment Share on other sites More sharing options...
Digsy Posted October 19, 2005 Author Share Posted October 19, 2005 Yeah, I used to have an ISA mortgage. Talk about never again. I ended up re-mortgaging after 6 years for over twice what the house was worth when I bought it in 1996 after I split with the ex. I've kept the ISA on but its not part of my mortage any more but I have high hopes of being able to use it in the future to pay off a big chunk early. Maybe another rate cut or two in the pipeline to spur the borrowers into action then? [/fingerscrossed] Link to comment Share on other sites More sharing options...
roboldham Posted October 19, 2005 Share Posted October 19, 2005 Christmas is coming - interest rates will either drop again or more than likely IMHO stay the same - may actually be a good time to buy in US now too? R Link to comment Share on other sites More sharing options...
V Posted October 19, 2005 Share Posted October 19, 2005 I was hoping they would creep back up again. Looking at the trend last 12 months. Edit: chart shows: Exchange rate: $ for £1 SV Link to comment Share on other sites More sharing options...
Digsy Posted October 19, 2005 Author Share Posted October 19, 2005 What's that chart V? Link to comment Share on other sites More sharing options...
V Posted October 19, 2005 Share Posted October 19, 2005 Exchange rate: $ for £1 SV Link to comment Share on other sites More sharing options...
Digsy Posted October 19, 2005 Author Share Posted October 19, 2005 Oh yeah. I need that to go more in our favour too as I'll be stumping up for a hotel room in NY in 2006 Link to comment Share on other sites More sharing options...
Nick Posted October 19, 2005 Share Posted October 19, 2005 But Ericsson are still way less than what I paid for them . That'll improve next year. They've won some big projects and there is STACKS of work coming up, things are looking very good. Good news for us contractors, and stock holders Link to comment Share on other sites More sharing options...
Soop Dogg Posted October 19, 2005 Share Posted October 19, 2005 Yeah, but if they drop UK interest rates, the exchange rate against the $ won't be even as good as it is at the moment. Plus the US interest rates look like they are on an upward trend, so we'll get an even worse exchange rate if our rates go down and theirs go up. Link to comment Share on other sites More sharing options...
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