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Dow
Comments
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Its like the banks all over again. If Greece is bailed out the speculators will simply move onto the next PIGS which take their fancy and so on and so on. Just like they did with NR followed by BB followed by HBOS etc.
The problem with the Euro is apart from Germany none of the other major countries are in a great state even France. The more the likes of Germany spend on bailing out its neighbours the more it will harm its own economy. Also are the German people going to be happy about bailing out wreckless countries? Portugal failed to get though a cost cutting bill recently and the opposition put through a bill to increase spending.
The problem has a long way to run0 -
sabretoothtigger wrote: »This seems a reasonable gauge to market sentiment.
We've swung from one extreme to the other, if we were to keep that same pattern we'd fall worst in January onwards presumably
http://img4.imageshack.us/img4/9206/app45331312588305414746.jpg
Looking at an update of this indicator we have moved from 92% to 73% of stocks above their 200 day average.
The recent falls are not a massive deal in the big scheme of things, the July figure was 55% so I wonder if that could be more like the bottom for 2010
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Ftse back above 5600 one year high, Dow above 10500.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Now, where do we go from here?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Crash crash crash crash....
Sorry, false alarm
Having said that, if the tory's get in, I would expect another recession sometime, probably next year, and stock exchanges normally fall by 40% in a medium recession.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Now, where do we go from here?
Depends on which way £ -$ exchange rate is heading ...........
Europe looks more interesting currently. As some good yielding stocks at current prices that will perform even better if £ hits parity with Euro.
Greece is welcome diversion for GB at moment. Focus will return though in a few weeks.0 -
S&P closes above 1150 for the first time since Oct 1st 2008, Dow 10612.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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This is a similar level to Jan 19th for SP500
It might stoke up the bears a bit even as they aim for a double top theory but its never that easy!
1137 is support even if we do fall back a bit but right now its looking very positive I agree and dollar could weaken too it seems0 -
Looks like New York is heating up like 1929, I hope that isn't a bad omen for the markets:eek:
While the temperature will rise into the 80s the day after tomorrow, the Central Park record for the date of 89, set in 1929, isn’t likely to fall, Scalora said.
http://www.bloomberg.com/apps/news?pid=20601010&sid=a.husMVnwfaM
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
....and the Yankees won the WS in 1928 and then didn't in 1929.
They won it last year, and judging by their roster they won't repeat :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0
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