Thoughts on the stock market at present?... In recovery?

a7man

This forum is full of pessimists. Constant negative thinking. Of course the uptrend wont be indefinite but shares are cheap, the market is low - for the long term investor its a no brainer. I would wait until the stats confirming recession are announced, it wont make a huge umpact but the index will certainly respond negatively.

Ijumped in on monday last week, caught the lowest point of the market in the last 5 years, I've now made over 20% in just over 1 week.

All you need is balls

musclesza

That said - the ftse is likely to rally with the cut then fall again so maybe wait? I think BT is a great call but then again I got it at 114 (went as low as 100.5) the div and 12 month outlook (selling it between 200-250 havent decided yet - probably before summer next year)are make it worht while to me

meester

pumpndump wrote: »

I have just put a load of money on Wall Street, which I will immediately take off again after the election. As they say, no one ever went broke by taking a profit. What happens then is not so certain.

So how did the profit taking go?

a7man

I found a graph showing predictions for the FTSE the other day made earlier in the year...Ive been looking everywhere for it again - it was literally exactly what has happened - a low point in October, then rebound and another fall early next year before rebounding again.

peawack

StevieJ wrote: »

Apologies, I just meant that most people think the current mood (be it positive or negative) will persist beyond what it normally does i.e. it is different this time.
Anyway good luck with your buys and sells.

OK and thanks !

Blah99

a7man wrote: »

This forum is full of pessimists. Constant negative thinking. Of course the uptrend wont be indefinite but shares are cheap, the market is low

.....

All you need is balls

Really? Let's see. An unprecedented 1.5% interest rate cut, something that hasn't happened in over 2 decades, and what happened to the FTSE100?

phil_b_2

Looks like a classic case of 'buy on rumour, sell on news'.

a7man

Blah99 wrote: »

Really? Let's see. An unprecedented 1.5% interest rate cut, something that hasn't happened in over 2 decades, and what happened to the FTSE100?

The market is fluctuating wildly at the moment. I bought at 3750, the lowest point in the last 5 years while eveyone on here was saying 'wait and see what the market does its going to tumble much further'. nuff said

Wait all you like nothing is guaranteed...you can wait and wait and wait I dont care but you will miss the boat

StevieJ

Blah99 wrote: »

Really? Let's see. An unprecedented 1.5% interest rate cut, something that hasn't happened in over 2 decades, and what happened to the FTSE100?

The market thought th MPC new something they didn't, they have now realised that was not true. Don't Paaaaaaaaaaanic, Mr M.