The ISEQ Thread Part I - March 2008 - October 2008 **LOCKED**

Dairygold doing well though.

ISEQ down almost 200 points. A very bad day overall. This weekend will be tough for brokers.

Heading towards youngdan's 1000 points

Dear God almighty, the ISEQ is down another 168 points today to close out at 5638. It seems, on current form, to be in free-fall.

What's going on? Are the banks losing out big scale? Jobs went recently here I think I heard it on the news..

Is there anyone out there who can tell us why the dramatic fall of the ISEQ is not being talked about, what its causes are and what are the implications for the economy? I know it is small compared to most, but it is the only one we have.

A limited rally, with an 18 point rise today. We can only hope that this rally extends into the rest of the week.

Pension funds are being squashed by these movements. I'd hate to be retiring in 2008.

Ard-Taoiseach wrote:

A limited rally, with an 18 point rise today. We can only hope that this rally extends into the rest of the week.

Pension funds are being squashed by these movements. I'd hate to be retiring in 2008.

Really? Are they not protected in some way at all? Are people taking their money out of pension funds so? If they are I bet they're out buying petrol with it ...

Auditor #9 wrote:

Ard-Taoiseach wrote:

A limited rally, with an 18 point rise today. We can only hope that this rally extends into the rest of the week.

Pension funds are being squashed by these movements. I'd hate to be retiring in 2008.

Really? Are they not protected in some way at all? Are people taking their money out of pension funds so? If they are I bet they're out buying petrol with it ...

Well the ISEQ has been in a sharply downward trend for some time now, that has a major impact on pension fund returns. Many fund managers are struggling to increase the value of funds. Add in 3.3% inflation and the picture worsens further.

O yeah. Are some pension funds not exposed to the market though and are purely or almost purely deposit savings? These things go up and down though don't they? But like you say, you'd hate to be retiring in 2008 and looking for a good deal on a Hymer. (a Hummer might be cheaper)

Auditor #9 wrote:

O yeah. Are some pension funds not exposed to the market though and are purely or almost purely deposit savings? These things go up and down though don't they? But like you say, you'd hate to be retiring in 2008 and looking for a good deal on a Hymer. (a Hummer might be cheaper)

Some of them have a high cash component and some are basically glorified deposit accounts.

Any pension fund has to be growing by more than 3.5% to be worth its while in this climate.

The ISEQ plunged another 112 points today. This is seriously worrying. Billions are just swirling down the drain. The banks are woefully under-valued. There is none of the strain surrounding them like other banks internationally.

Unbelievable that it was 10,000 points a year ago - well, for some it's very much more unbelievable at 10k than at 5k... it's now closer to 5 than 10 ... at this rate there's not going to be any sh*t left to hit the fan with soon..

The ISEQ isn't doing too badly today. I wonder will it be affected tomorrow by the Lisbon Treaty result? It's up about 26 points this lunchtime.

There's a big relief rally in the ISEQ today with the index up over 130 points. Let's hope that this continues so that I can change the title of the thread.

I really don't understand why there has been such a sell-off in the ISEQ, there has not been a whisper of difficulty in Irish banks. I cannot recall ever seeing them having to write down mortgage books like their counter-parts in the rest of Europe, US and so on. We have yet to see anything on the scale of Northern Rock and all of our major banks remain in profit. Was gibts?

I don't know where I read it but somewhere I read that there is a lack of choice in the market and people invest in traditional schemes like sheep. When the going gets anyway tough they do the opposite - cash it on on the traditional schemes.

Education might be an answer again to that knee-jerk panicking.

Elan is leading the surge today with the company up over 6%. Their drug trials with Wyeth are extraordinarily promising. We can envisage having a virtual cure for Alzheimer's by the end of this decade if their research updates are to be believed.

Ard-Taoiseach wrote:

Elan is leading the surge today with the company up over 6%. Their drug trials with Wyeth are extraordinarily promising. We can envisage having a virtual cure for Alzheimer's by the end of this decade if their research updates are to be believed.

Indeed. And I might be able to find the post I'm looking for

cactus flower wrote:

Ard-Taoiseach wrote:

Elan is leading the surge today with the company up over 6%. Their drug trials with Wyeth are extraordinarily promising. We can envisage having a virtual cure for Alzheimer's by the end of this decade if their research updates are to be believed.

Indeed. And I might be able to find the post I'm looking for

Oh, can you not remember? What was it about, I can help you find it.

Sweet Mother divine! The ISEQ fell by another 150 points today. This is utterly outrageous! Bank of Ireland and AIB are on ridiculously high dividend yields. Why oh why do international financiers hate them so?

Utterly outrageous is a bit harsh Ard. Did I not say last July that it was going to 1000. Roll on the mini budget that I suffered scorn for when I predicted it.

And still it falls - Breaking News .ie

19/06/2008 - 11:19:19
Share values on the Irish Stock Exchange have fallen again this morning, with the banks amongst the hardest hit.

In early trading this morning, AIB, Bank of Ireland and Anglo Irish suffered reductions for the second consecutive day.

Overall the ISEQ index of Irish shares was down more than 18 points by mid-morning.

Yesterday, almost €2.5bn was wiped off share values on the Dublin Exchange.

The reduction in share values follows an assessment by US brokers that a number of Irish banks are not as financially strong as most European banks.

cactus flower wrote:

And still it falls - Breaking News .ie

19/06/2008 - 11:19:19
Share values on the Irish Stock Exchange have fallen again this morning, with the banks amongst the hardest hit.

In early trading this morning, AIB, Bank of Ireland and Anglo Irish suffered reductions for the second consecutive day.

Overall the ISEQ index of Irish shares was down more than 18 points by mid-morning.

Yesterday, almost €2.5bn was wiped off share values on the Dublin Exchange.

The reduction in share values follows an assessment by US brokers that a number of Irish banks are not as financially strong as most European banks.

The ISEQ seems to have rebounded a bit and closed the day out unchanged. Thank God for that. Let's hope it goes up about 5% tomorrow.

Ard-Taoiseach wrote:

Let's hope it goes up about 5% tomorrow.

But it didn't. The ISEQ finished about 23 points lower today.

The panic that will be seen when the Bank of Ireland goes bust will be a sight to behold. This will be very close when the ECB raises rates in a few weeks. Those who are admiring of the EU will be in for a shock.