I did warn you, here it comes...............

  • Thread starter Lincsbodger
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Lincsbodger

The pound at 5pm was 1.4666 dollars compared to 1.4931 dollars at the previous close having fallen to a year-low of $1.448.

The FTSE eventually closed down 2.6 per cent at 5123, with £35.5billion wiped off shares. It has suffered its worst week since March 2009 and dipped by 7.6 per cent.

And thats before we even have a coalition............

And if labour keeps in power it'll be much worse, third world here we come......
 
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Lincsbodger said:
The pound at 5pm was 1.4666 dollars compared to 1.4931 dollars at the previous close having fallen to a year-low of $1.448.

The FTSE eventually closed down 2.6 per cent at 5123, with £35.5billion wiped off shares. It has suffered its worst week since March 2009 and dipped by 7.6 per cent.

And thats before we even have a coalition............

And if labour keeps in power it'll be much worse, third world here we come......
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Were doomed
 
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Lincsbodger said:
The FTSE eventually closed down 2.6 per cent at 5123, with £35.5billion wiped off shares. It has suffered its worst week since March 2009 and dipped by 7.6 per cent.

And thats before we even have a coalition............

And if labour keeps in power it'll be much worse, third world here we come......
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You are naively assuming that the UK stock market has dropped because of the UK election?

The Investors Chronicle said:
Shares are down everywhere, not just here - in fact, UK stocks are down less than many others. And while cable is down, the pound is at an eight-month high against the euro...


...Under New Labour, real GDP has grown by 1.99 per cent a year*. But was this because true growth was low, and Labour got lucky, or was it because true growth was high and it had some bad luck? One way to tell is to look at the standard error**. This is 0.39 percentage points. This means there's a two-thirds chance that actual growth under New Labour was between 1.6 and 2.38 per cent.

Under the previous Conservative governments (1979-97), GDP grew by 2.06 per cent a year, with a standard error of 0.36 percentage points. Which means there's a two-thirds chance that growth was between 1.7 and 2.42 per cent.

The overlap between these two ranges is so large that we cannot be at all sure that the colour of the government affected growth at all....
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http://www.investorschronicle.co.uk...f8e8/Hung-parliament-fails-to-hit-markets.jsp
 
We all lost. Britain faces a fiscal crisis which can be resolved only by a strong government. Yet, confronted with an historic choice, a divided nation has returned a grotesquely muddled response. This promises only grief in the months and years ahead.

The electorate has rejected Gordon Brown, whose party won two million fewer votes than the Tories. In defeat, Labour's leader is showing himself as graceless and insensitive as he has been throughout his premiership.

Scrabbling to cling to power, he refuses to accept that his unelected imposture is over.

-Max Hastings
 
There are a growing number of Labour voters. Anyone on benefits, public sector employees and pensioners who like Gordon investing in the NHS (even though he hasn't paid for it). Labour will soon be the dominant party for decades.
 
joe-90 said:
There are a growing number of Labour voters. Anyone on benefits, public sector employees and pensioners who like Gordon investing in the NHS (even though he hasn't paid for it). Labour will soon be the dominant party for decades.
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Umm wasnt you paying attention on thursday, joe, labour LOST two million voters and 97 seats ....'growing' is the one thing they arent...........
 
JohnD said:
http://www.investorschronicle.co.uk...g-parliament-fails-to-hit-markets.jsp[/QUOTE]

Funny that. heres the opposite view by someone more noteworthy (ie people have actually heard of this publication, instead of it being some random webby with a hit rate of 4 views per week)

http://www.telegraph.co.uk/news/election-2010/7689816/UK-markets-wilt-on-hung-parliament-blues.html

or here

http://www.timesonline.co.uk/tol/news/politics/article7119044.ece

or here

http://www.ft.com/cms/s/0/2e19bd24-59a1-11df-99ba-00144feab49a.html

shall i carry on? In 1974 British stocks sank nearly 40% in the six months following a hung parliament.
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So come Monday morning G Brown is still going to be in No 10,who is going to make the final call,us the voter NO, the market men?so a Lib/Con pact will be foisted on us no matter what.
 
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