UK Stockmarket 2009 and beyond

tradetime

Shocker! a big up day unfolded bears thwarted once again. Looking for some follow through today 1050's should hold as support S&P and around 5100 FTSE.

[Deleted User]

yes, yet another trap tradetime. I am completely back in again and have been doing a bit of re positioning with a bit different sector spread. I bought more energy and am back into bats and vod, it cost me a hundred or so re vod but c`est la vie. Everything else was cheaper than previous sells, I revisited some sells from a while ago. I bought a bit of retail, having been to town yesterday and it was heaving with lots of people buying. I am out of pharma

All in all I have a fairly low risk portfolio, which can ride most storms but there is still enough excitement in there

by the way sippdeal trading costs are going down by 2/3 in dec. Nice

[Deleted User]

one of the reasons for me to be fully invested is the terrible interest rate on cash, equivalent to ziltch %, hence me scurrying to get re-invested, worth it though as account is 5k up on yesterday. I think I would be keeping more cash in the account if it was 5%. I have £6 cash as from 9am

uk_steve

Dont laugth Kittie i have gone the other way i like the sound of Pharma now:cool:

i have 2 at the mo

and another 5 pharmaceutical companies on my watchlists for news

diamonds etc are still in my portfolio and some other bits and bobs

uk_steve

kittie wrote: »

one of the reasons for me to be fully invested is the terrible interest rate on cash, equivalent to ziltch %, hence me scurrying to get re-invested, worth it though as account is 5k up on yesterday. I think I would be keeping more cash in the account if it was 5%. I have £6 cash as from 9am

thats what made me come into shares this year (bank intrest rates)


after my scare with iceland bank i was with last year

i thought i rather invest my own money with the view if it goes down hill,it was me which lost it and no bank did it for me


i am stubbon sod like that:D

sabretoothtigger

I forgot about the USA GDP figures being released or the reversal could have been guessed. We saw this july also, before results theres a dip while market waits with baited breath.

Right now, was the market that surprised or buoyed by the gdp figure? seems pretty positive to me at least on the surface. How much 'legs' in this rally, I think its still topping out but maybe we'll have 6000 on the ftse soon.

Future gdp figures may disappoint and/or be negative but they are a while off now so not sure of negatives to come apart from unemployment figures (Nov 4th?) and interest rate rises which neither uk or usa will do


Expected, actual and future economic indicator announcements on a calendar - http://www.forexfactory.com/calendar.php?c=2&week=1256428800&do=displayweek&month=10&year=2009



Anyhow I bought some gold miners and a bit of that Hardy, this is a hedge against the dollar weakness for me so just part of the portfolio balance

POG, BNC, etc- http://www.iii.co.uk/articles/articledisplay.jsp?section=ShareDealing&article_id=10056508


BP shareprice is back to about 1% above their pre results, swings and roundabouts!
Better then -3% for shell , both relate to lower price of oil I guess

thats what made me come into shares this year (bank intrest rates)

Its a deliberate effect of low rates to raise speculation and money flow in the economy. Money is 'cheap'

tradetime

Well I won't pretend todays market action was high on my list of expectations In fact, taken in its entirety to include a break below Wed low, it was not on my list at all.
A retest of 1042 was a possibility going into today, but I did not consider it very high probability until 1050 was taken out, another lesson served up courtesy of Mrs Market.
The 200 Dow points we spent all day yesterday accumulating were gone by lunchtime :eek: volume picked up significantly after 13:00 EST as disbelief turned to panic. Volatility as measured by the VIX jumped almost 24% and is now back over 30. The S&P has retraced roughly 6% from the highs.There was an issue at the NYSE with their computer systems throughout most of the day which was causing quote delays, though I doubt that had much impact. All in all a very interesting day.to end the month on, definitely a touch of the Halloween spooks.

uk_steve

Off topic

i watched a programme on the black bears the other day on the bbc
i was hooked on the programme because they got so close to them and follow the family of bears around
they are actually lovely animals
once again some humans are so evil by killing them they are not aggressive as led to believe
it made my heart ache seeing how cruel some people are

its a good watch if you ever see the programme

tradetime

On the topic of your bears, I think this is the program you were referring to, yes very good.
http://www.bbc.co.uk/iplayer/episode/b00np2gk/Natural_World_20092010_Bearwalker_of_the_Northwoods/

uk_steve

tradetime wrote: »

On the topic of your bears, I think this is the program you were referring to, yes very good.
http://www.bbc.co.uk/iplayer/episode/b00np2gk/Natural_World_20092010_Bearwalker_of_the_Northwoods/

thats the 1;)