UK Stockmarket 2009 and beyond

tonygee_3

kittie wrote: »

I am sure that we are

Are you sure you are sure,kittie?
A week ago you were 'looking forward to 5800':p

lvader

We are going through a minor correction, I'm sure we will start to move forward again by the end of the week.

Old_Slaphead

lvader wrote: »

We are going through a minor correction, I'm sure we will start to move forward again by the end of the week.

How can you be sure ?

I think Thursday/Friday trading may well be affected by, amongst other things, Mr Badger's musings on Wednesday.

StevieJ

The market is all over the place, markets recover as $ weakens.

sabretoothtigger

Im not sure of anything anymore except bottom line is inflation. Even if Im wrong on everything else so long as all prices rise we cant lose really, compared to holding plain cash anyway.

UK Budget is tomorrow I think so a big news day then

Cable is acting very weird, breakout, fakeout, breakdown and now its rising again. If its any reflection of the markets then we are more volatile right now then vix would give a proper reflection of

US dollar index also matches that, we are back in the 81 area and it has done this before. If it cant get past this its bullish I guess but if it does it'll cause some upset or be because of some upset even


Health case bill passes and this causes GSK and friends to rise but I thought this scheme was to benefit the people and will cause lowered costs. MRK is up 2%
Its all speculation!


I expect us to be down on the week by friday but Im always too bearish it seems.
If dollar falls and sterling at the same time it'll give us 6000 on the ftse much sooner then I expected.



Cost of SP500 in ounces of gold over the last year or so. Very much a treadmill effect which would reflect inflation I think aka Zimbabwe stockmarket which rose more then 500% but where companies worth stayed flat in foreign (more stable) currencies




If the graph line goes up consistently (companies grow faster then gold then Im wrong, but so far we are sideways and this should continue)


To see what I mean, compare price of ftse over time in australian dollars or yen or any currency you like really. It gives a more realistic perspective I think, I just used gold as an example because its easy to do

March 22 (Bloomberg) -- The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama.

Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg.

Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also traded at lower yields in recent weeks, a situation former Lehman Brothers Holdings Inc. chief fixed-income strategist Jack Malvey calls an “exceedingly rare” event in the history of the bond market.

http://!!!!!!/1poLS


I think USA ceased their QE sooner then us and also issued a lower percentage relative to gdp and monetary base.

StevieJ

kittie wrote: »

I sold the big oils this am and have set new buy limits which are in place until the next ex div. I racked up nice divis and a decent profit on the capital so am happy

Portfolio is at an all time high now and it is the divis that are holding it steady

Looks like those Shell discoveries are coming thick and fast, what is happening?

Statoil Monday said that the Shell-operated Vito appraisal well in deep water Gulf of Mexico has encountered more than 600 net feet of high-quality oil pay in thick subsalt Miocene sands. -Sidetrack appraisal well is located in Mississippi Canyon block 940, more than one mile from the 2009 Vito discovery well. -Statoil owns 25% working interest in block.
-Vito appraisal well was drilled to a total depth of approximately 32,000 feet in approximately 4,050 feet of water.
-Another sidetrack appraisal well is planned for 2010 to further delineate the discovery.
-Shell Offshore Inc. (operator) holds a 55% working interest in the discovery, Anadarko Petroleum Corporation holds remaining 20%.

In addition a very supportive article from the MF.

http://www.fool.co.uk/news/investing/investing-strategy/2010/03/22/dont-miss-this-super-major-turnaround.aspx

atypical

sabretoothtigger wrote: »

Health case bill passes and this causes GSK and friends to rise but I thought this scheme was to benefit the people and will cause lowered costs. MRK is up 2%
Its all speculation!

I think the thought is that as more people will now be covered, more people will be taking drugs. Getting rid of the 'doughnut hole' will also boost sales as people won't stop taking drugs when they have to pay for them themselves.

It won't lower costs. Provisions that would allow people to buy re-imported drugs from abroad and let the government negotiate drug prices were dropped. The drug companies do have rebates/fees they have to pay now but they're fairly small in the grand scale of things. The bill should have gone further to regulate costs.

tradetime

Once again all the calls for a correction underway are treated with contempt as the market flips the bird and heads higher, and another batch of bears are taken to the woodshed. The move itself while aggressive in the intraday, in the bigger picture really didn't amount to much since we just recovered Fridays selloff, and the gap down open. we have simply moved into a new range bordered by 1150 at the low and 1170 at the high which is in keeping with the view of a ranging market with an upward bias.

It is inevitable that a correction will occur at some point, but to try and anticipate that in this market is a very dangerous business given the interests at work.

yorkiebar

sabretoothtigger wrote: »

UK Budget is tomorrow I think so a big news day then

Wednesday actually.

tradetime

Health case bill passes and this causes GSK and friends to rise but I thought this scheme was to benefit the people and will cause lowered costs. MRK is up 2%
Its all speculation!

The media, cnbc, Bloomberg, Cramer et al did a great job of leading the masses to believe that a pass of the Health Care Bill would cause a selloff. Whilst it could have done, it's always hard to be sure how the market will react, it was absurd to assume it would. The Health Care Bill is estimated to add about 15-20 million people into the system who were previously uncovered, this will add revenue to hospitals, to drugmakers, and likely lead to more employment in the sector. The only people who seem to be negatively affected are the insurance companies. Its passage also removed an uncertainty, and a distraction from the market, therefore it was just as likely we could rally.