Feck this nonsense. Let's just equal the ISEQ to one and close it down. All this crashiness is just too depressing.

cactus flower wrote:

http://www.ise.ie/app/popup_graph.asp?INDEX_TYPE=

The ISEQ is plummeting into uncharted depths this morning. Do we have a link to the banks anywhere?

http://www.sharewatch.com/iseq.php

BOI for 1.60 a share .. at this point it's like a children's shop ...

Auditor #9 wrote:

http://www.sharewatch.com/iseq.php

BOI for 1.60 a share .. at this point it's like a children's shop ...

I'll have a put option on Bank of Ireland for eleventy monies!

Trying to be smart but I was looking for an image which would counter the Celtic Tiger label -

I wanted to find the image of an antelope being savaged by a tiger to reflect the firesale of heavy machinery which I heard about on the news the other day - it's somewhere on this page - http://www.rte.ie/business/2008/1022/businesstonight.html "RTE 22 Oct 2008 ... Diggers dumped: Foreign buyers have arrived in numbers looking for bargains in machinery, which were once used to construct modern Ireland ..."




but I only founds this -



Leopard savages croc

Well who'da thought it ?

On the ISEQ Poll, should we have a " Will not exist" option?

Also - the votes aren't showing on the Portal - 5 votes here so far.

If there is not rampant inflation, which would make the measurement meaninless, then it will definately be below 1000. A collapse of the Euro is now not a possibility but a probability. That is why Sarkozy is rushing to save his skin. Anyone that thinks he is worried about regular people still havn't figured out why Cowen went to China.

youngdan wrote:

If there is not rampant inflation, which would make the measurement meaninless, then it will definately be below 1000. A collapse of the Euro is now not a possibility but a probability. That is why Sarkozy is rushing to save his skin. Anyone that thinks he is worried about regular people still havn't figured out why Cowen went to China.

Rockyracoon has already given an answer to that on another thread. The biggest illusion anyone could have about this is that anyone is in control of financial events.

Nikkei down over 6%

Quote :

Stockmarkets around the world crashed again today as the prospect of a deep worldwide recession continued to haunt investors.

Fears that the financial crisis is spreading to emerging nations sparked another day of panicky selling, despite speculation of another round of interest rate cuts to try to stimulate the global economy,

As the current crisis sparked by the failure of Lehman Brothers entered a seventh week, Japan's Nikkei index fell 6.4% to its lowest level since 1982, extending its recent slump. It has now lost 20% of its value in the last week.

http://www.guardian.co.uk/business/2008/oct/27/marketturmoil-creditcrunch

ISEQ down 100 points this morning already -- 2540 ... this isn't funny anymore ... I had a look around at second-hand car ads over the weekend and saw them dramatically lower than what I paid for my yoke a year ago .. it's a great time if anyone wants to pick up bargains alright.

Auditor #9 wrote:

Nikkei down over 6%

Quote :

Stockmarkets around the world crashed again today as the prospect of a deep worldwide recession continued to haunt investors.

Fears that the financial crisis is spreading to emerging nations sparked another day of panicky selling, despite speculation of another round of interest rate cuts to try to stimulate the global economy,

As the current crisis sparked by the failure of Lehman Brothers entered a seventh week, Japan's Nikkei index fell 6.4% to its lowest level since 1982, extending its recent slump. It has now lost 20% of its value in the last week.

http://www.guardian.co.uk/business/2008/oct/27/marketturmoil-creditcrunch

ISEQ down 100 points this morning already -- 2540 ... this isn't funny anymore ... I had a look around at second-hand car ads over the weekend and saw them dramatically lower than what I paid for my yoke a year ago .. it's a great time if anyone wants to pick up bargains alright.

Do you know if there is a site anywhere that tracks the Irish banks?

Have you looked at this one ?
http://www.sharewatch.com/ireland.php

The ISE site as well hasplenty of specific info but I don't know any which tracks the ISE by industry yet.

You'll notice that the oil-based stocks on the ISE are Green ..

Auditor #9 wrote:

Have you looked at this one ?
http://www.sharewatch.com/ireland.php

The ISE site as well hasplenty of specific info but I don't know any which tracks the ISE by industry yet.

You'll notice that the oil-based stocks on the ISE are Green ..

That's very good Auditor #9. Is there room for it on the portal?

It's now just above the ISEQ graph.

This has been the lowest day for the ISEQ since Yahoo! records began back in 1999 - could there be a 1 at the start of the index by the end of the day ?

If Obama is elected (or for that matter McCain) and goes for a protectionist policy they may close the doors.

Its no good us being an open economy if the rest of the world is protectionist.
Sarkozy is calling for protectionist measures too. The US is bailing out its car makers.

There are big pressures in this crash to make politicians pull the horns in and try to appear to be protecting local jobs.

Ha! The 9 o'clock news on RTE just said that the iseq had gained 3% but that was nearly an hour ago - don't they have a computer in their offices? If the cutbacks are biting so much could one of the lads there use a phone to get yahoo! from the internet.

By the end of this day there will a bank worth nothing but still on the life support machine. They'll keep this zombie going for another couple of months after that along with a few others I suppose. Pull the plucking fug Brian !

Up 1.14% is now "up nearly 2%". Orwell had some name for this nonsense.

Auditor #9 wrote:

Up 1.14% is now "up nearly 2%". Orwell had some name for this nonsense.

Newspeak?

Ended up down a percent and a half. Anglo knocked down by 20%.




http://www.sharewatch.com/iseq.php

Why is Anglo down 20%? Will shareholders get anything if there is a forced merger? I thought that you got something if another bank bought you? Did anything happen today that isn't being reported in any of the news websites.

Zhou_Enlai wrote:

Why is Anglo down 20%? Will shareholders get anything if there is a forced merger? I thought that you got something if another bank bought you? Did anything happen today that isn't being reported in any of the news websites.

Shareholders of smaller banks are not in a good place. Is Anglo not a bank that is owed a lot by developers, and that maybe does not have that much mainstream business besides? The consensus is that the banks are banjaxed in Ireland and if there isn't an injection of capital, everyone else is too. Our government have guaranteed deposits and liabilities, I think, but not shares.
In general, if a company is worth zero, the shares are too. Shareholders can be called on to inject capital, I think Brian has tried that hasn't he? but no-one wanted to do it.

I think the big fish - little fish analogy is coming to pass in all kinds of ways. The small currencies, small countries and small companies are being devoured.

Iseq up towards 2700 this morning.

Meanwhile in Germany ..

Probe as VW shares soar over two days

Imagine that, a German engaging in fraud

The ISEQ limbo-danced its way through the day under the 2700 bar. High volumes in Anglo and BOI, whatever that means.

Anglo was up 50% today. It is hard to make sense of all this.

I didn't realise that stockbrokers carried out their activities on the basis of sense