FTSE down nearly 4% - CRASH!

[stevensfo]

Well BARC has hopefully bottomed out.

I also bought some Shell today. Can't see people are going to stop driving because of problems at a Swiss bank.

Nope, but a lot of incredibly rich, powerful and corrupt people may start having second thoughts about the 'safety' of Swiss banks.

Where will they hide their people's money?

Steve

[MrFoolish]

Well BARC has hopefully bottomed out.

I also bought some Shell today. Can't see people are going to stop driving because of problems at a Swiss bank.

Nope, but a lot of incredibly rich, powerful and corrupt people may start having second thoughts about the 'safety' of Swiss banks.

Where will they hide their people's money?

Steve

Perhaps these people will start spending their ill-gotten gains, boosting the world economy.

[redsturgeon]

Nope, but a lot of incredibly rich, powerful and corrupt people may start having second thoughts about the 'safety' of Swiss banks.

Where will they hide their people's money?

Steve

Perhaps these people will start spending their ill-gotten gains, boosting the world economy.

There's only so many cheeseburgers you can buy.

[1nvest]

I could understand nervousness over banks but why did SHEL, BP both fall 8%+?

Liquidity. Having the cash in-hand to cover potential greater inclination for depositors/lenders/savers pulling their cash out. When you need cash, what better way than to profit take out of recent/prior good gainers - where former high energy costs (gains) might start to track back down again.

[Adamski]

Just getting used to these ups and downs now. Just think this is another revision to the mean to the current trend of sideways markets. Market moving sideways since about June 2021. Price we pay I guess for the bull run in the previous years 2016-2021.

[pje16]

Down 1.56% early today, now 0.3 per cent up - nuts