FTSE at 3700 and no winners.

StevieJ

!!!!!!? wrote: »

IMO there's got to be a further short term bounce in the DOW and therefore the FTSE also if Obama wins the election.

Unless you subscribe to the conspiracy theory that shares have been manipulated up in the last week or so to give McCain a better chance ......

:rotfl::rotfl::rotfl::rotfl::rotfl: You are funny.

StevieJ

!!!!!!? wrote: »

You've called the bottom of the market and implied that you think prices will rise as rapidly as they fell. If that were to be the case then we should be seeing 5000 on the FTSE within a month or so.


Personally, I have no real idea nor interest in investing in stocks at this time but I do get the feeling that we are going to see a pretty stagnant market for quite some time. Unless of course the government decides to inflate the tens/hundreds of billions they are going to be borrowing, away..... With the recent slump in sterling and the word that UK bonds are going to be hard to shift I get the feeling that the markets might be thinking that's what they are going to do.

If interest rates do go to something silly like 2% or even lower, I cant see many people with large amounts of savings leaving their money in bank accounts so the stock market is likely to benefit from that all by itself. Personally, at the very least I'd be thinking of cashing out my sterling savings and putting them in a deposit box rather than leaving them in a dodgy banking system that pays me next to no interest.... but that's another thread.

Looks like I now have some eminent company.

http://uk.biz.yahoo.com/081104/214/i9wzy.html

purch

eminent company

What ?? Morgan Stanley !!! :rotfl:

Cannon_Fodder

I'm hoping you/they are right.

But I am not sure that Morgan Stanley are the all-seeing oracles we should be relying on;

http://www.bloomberg.com/apps/news?pid=20601087&sid=aad0._tS0akU&refer=home

"forcing the firm to buy $23 billion of securities held by the funds to keep them afloat"

Realy

Can I just mention have we now had 6 days of gains?

That is the longest stable up swing for quiet a bit.

StevieJ

The US bank is advising its clients not to be short of equities and has reversed its "full house sell signal" of June 2007,

Not too bad a call.

purch

The TED and OIS spreads are contracting nicely....(2.4 and 2.2 roughly) not back to normality (pre Lehman levels ) but still coming down quickly which is a good indicator.

When they do get back to normality it will be a sign that maybe the bottom has been reached.

Where the market actually is at that time is anyone's guess

chucky

Realy wrote: »

Can I just mention have we now had 6 days of gains?

That is the longest stable up swing for quiet a bit.

i wonder if the guys that started threads of the big drops of a few weeks ago will come along and say that these increases are a positive thing.

Realy

chucky wrote: »

i wonder if the guys that started threads of the big drops of a few weeks ago will come along and say that these increases are a positive thing.

I doubt it nearly 20% higher than when the thread started and good news for everyone.
But we don't talk about good news on here.;)
I am going back to my cave now.:D

Dithering_Dad

I can't understand why the market is going up, the news is full of depressing business news such as RBS posting its first ever loss, M&S profits dropping by 25%, house reposessions up, blah, blah.

Are the people who are buying stock right now in denial or do they know something I don't?

I'm still sitting in my cash fund, but I'm starting to feel a bit like Miss Haversham here - waiting for a crash that'll never come. :rotfl: