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Dow

StevieJ
StevieJ Posts: 20,174 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Savings & investments
Dow exploded, big day for the Ftse tomorrow, anyone know why?
'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 Thatcher

Comments

  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    StevieJ wrote: »
    Dow exploded, big day for the Ftse tomorrow, anyone know why?
    Someone I know who trades the DOW regularly is currently predicting that this is a temporary rise and that the bottom of the market will be 7500. I have no idea how he came to this conclusion, but thought it might make for an interesting opinion from the other side of the pond.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • I,_Brian
    I,_Brian Posts: 191 Forumite
    Stocks are looking very cheap at the moment, so a lot of incentive for opportunists to buy.

    Also, a big reason for the downward pressure we've seen recently is hedge funds selling up as investors demand cash back.

    2c.
  • purch
    purch Posts: 9,865 Forumite
    anyone know why?

    You don't actually think the idiots on the floor of the NYSE actually know what they are doing do you ???? :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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