peaceandlove
03-28-2009, 11:14 PM
FTSE 100 and Dow Jones Predicted to Tumble 28%
The chief executive of financial bookmaker IG Group has called the recent stock market gains a "false rally" and predicted the FTSE 100 and Dow Jones will tumble almost 30pc.
By Yvette Essen
Last Updated: 7:29PM GMT 27 Mar 2009
IG Group Holdings
Tim Howkins said he expects there to be further gloomy economic news around the world, causing the blue-chip index to fall to as low as 2,800 and Wall Street's leading index to crash to 5,700. The FTSE 100 is now at 3898.8 and the Dow Jones is at 7810.2
"Those falls would be pretty apocalyptic from where the markets are now," he said. "But the world is getting worse rather than better. There is still a lot of bad news to come from the global economy.
"Currently, I do not think we have seen the lows of the market yet. I think the market is trying too hard to rally.
"The market seizes on any bit of good news and has a relief rally. The fundamentals are that world economics are pretty badly shot."
Mr Howkins' comments are also partly based on the trading patterns of IG's 50,000 clients.
Article continues: http://www.telegraph.co.uk/finance/financetopics/recession/5062625/FTSE-100-and-Dow-Jones-predicted-to-tumble-28pc.html
Commentary by Mike at FeverIAm youtube channel along with more articles posted under the (more info) section to the right of the video:
Don't Panic! Europe to start Printing Money next! 3/28/2009
Video (7:34): http://www.youtube.com/watch?v=TdDMwvIpCfE&feature=channel
This video is equally informative:
Don't Panic! Nobody wants UK debt! The beginning of the end...3/26/2009
Video (2:35): http://www.youtube.com/watch?v=PWOvL_38rBU&feature=channel_page
As a backup check out this older video:
Don't Panic! Beware the Treasury Auctions! 2/5/2009
"If nobody wants to buy the treasury notes, the Federal Reserve will buy the treasury notes. But hang on a second....
The treasury notes are being issued to pay for debt that's being generated by the Federal Reserve, so the Federal Reserve is buying its own debt.This is what is termed in economic terms "quantitative easing" better known to you and me as printing money.
If they should have to resort to the Fed buying the treasuries something really interesting is going to happen to the US Dollar."
Video (3:21): http://www.youtube.com/watch?v=v4P24GMTPoQ&feature=channel
FeverIAm youtube channel for updates, usually daily, includes correlating articles on the right under (more info) once you have clicked on the video to watch.
Channel: http://www.youtube.com/user/FeverIAm
Also you can check out FeverIAm's wordpress blog page for updates and further commentary:
http://feveriam.wordpress.com/
The chief executive of financial bookmaker IG Group has called the recent stock market gains a "false rally" and predicted the FTSE 100 and Dow Jones will tumble almost 30pc.
By Yvette Essen
Last Updated: 7:29PM GMT 27 Mar 2009
IG Group Holdings
Tim Howkins said he expects there to be further gloomy economic news around the world, causing the blue-chip index to fall to as low as 2,800 and Wall Street's leading index to crash to 5,700. The FTSE 100 is now at 3898.8 and the Dow Jones is at 7810.2
"Those falls would be pretty apocalyptic from where the markets are now," he said. "But the world is getting worse rather than better. There is still a lot of bad news to come from the global economy.
"Currently, I do not think we have seen the lows of the market yet. I think the market is trying too hard to rally.
"The market seizes on any bit of good news and has a relief rally. The fundamentals are that world economics are pretty badly shot."
Mr Howkins' comments are also partly based on the trading patterns of IG's 50,000 clients.
Article continues: http://www.telegraph.co.uk/finance/financetopics/recession/5062625/FTSE-100-and-Dow-Jones-predicted-to-tumble-28pc.html
Commentary by Mike at FeverIAm youtube channel along with more articles posted under the (more info) section to the right of the video:
Don't Panic! Europe to start Printing Money next! 3/28/2009
Video (7:34): http://www.youtube.com/watch?v=TdDMwvIpCfE&feature=channel
This video is equally informative:
Don't Panic! Nobody wants UK debt! The beginning of the end...3/26/2009
Video (2:35): http://www.youtube.com/watch?v=PWOvL_38rBU&feature=channel_page
As a backup check out this older video:
Don't Panic! Beware the Treasury Auctions! 2/5/2009
"If nobody wants to buy the treasury notes, the Federal Reserve will buy the treasury notes. But hang on a second....
The treasury notes are being issued to pay for debt that's being generated by the Federal Reserve, so the Federal Reserve is buying its own debt.This is what is termed in economic terms "quantitative easing" better known to you and me as printing money.
If they should have to resort to the Fed buying the treasuries something really interesting is going to happen to the US Dollar."
Video (3:21): http://www.youtube.com/watch?v=v4P24GMTPoQ&feature=channel
FeverIAm youtube channel for updates, usually daily, includes correlating articles on the right under (more info) once you have clicked on the video to watch.
Channel: http://www.youtube.com/user/FeverIAm
Also you can check out FeverIAm's wordpress blog page for updates and further commentary:
http://feveriam.wordpress.com/