UK Stockmarket 2009 and beyond

fullstop

tradetime wrote: »

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.

Would have thought insurance companies win either way, people will have to buy premiums now, except the poor who will be on Medicare, estimates are 32 million people will benefit.

tradetime

fullstop wrote: »

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Would have thought insurance companies win either way, people will have to buy premiums now, except the poor who will be on Medicare, estimates are 32 million people will benefit.

Quite possibly, even less reason for markets to sell off, I didn't really listen to the reasons being given since it struck me as BS. The mainstream media is usually always wrong because they get their information from the institutions and are therefore a propaganda conduit for them, it is not in the interest of institutions to accurately inform the man in the street.

sabretoothtigger

America has all sorts of strange laws. If you live, work and earn abroad you still have to send income taxes back home unless you revoke your citizenship altogether?

They restrict insurance cover by state so you are not allowed to be covered by the cheapest company just the ones in your state?
I think a shake up can only be to their benefit and obama probably has the best intentions, it'll probably end up a mess but it is already from what I can gather.

More competition should bring lower margins for the industry but greater revenue also I guess. Economies of scale is what free trade is all about imo, Im not sure if that'll be achieved



Chart data going back to the 1970's - http://www.netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChart.aspx


Chesapeake lost another 4% today & UNG 1.7%
-0.63% and -13% YTD respectively

The dollar index lost 0.25% I think

tradetime

sabretoothtigger wrote: »

America has all sorts of strange laws. If you live, work and earn abroad you still have to send income taxes back home unless you revoke your citizenship altogether?

They restrict insurance cover by state so you are not allowed to be covered by the cheapest company just the ones in your state?
I think a shake up can only be to their benefit and obama probably has the best intentions, it'll probably end up a mess but it is already from what I can gather.

More competition should bring lower margins for the industry but greater revenue also I guess. Economies of scale is what free trade is all about imo, Im not sure if that'll be achieved



Chart data going back to the 1970's - http://www.netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChart.aspx


Chesapeake lost another 4% today & UNG 1.7%
-0.63% and -13% YTD respectively

The dollar index lost 0.25% I think

Yes it is difficult for us on the outside to work out what reaction will be to things in US as they do things differently and we don't grasp all the nuances.

I agree, I think Obama probably has the best of intentions regarding healthcare, whether he is right, or the route he has taken is the best, I have no idea, but I think from what I have heard something needed to be done, whether it makes things better or worse for the average US citizen I suppose only time will tell. I think the cross state thing was one of the changes that were supposed to be in this bill, whether it made it to the final bill I don't know.

US$ seems to be well contained so far by the 81.3 level and is ranging between there and 79.5 support. Gold and Oil took a bit of a tumble, but seem to have recovered most of it when the Dollar pulled back.

Best thing that could happen to this market would be a nice orderly 15% or so correction, buyers not unsurprisingly are reluctant to enter up here, but whether that will happen or not is another thing.

bobbyj_2

Just added more TMC, a seriously undervalued Nickel miner, take a look but can be hard to buy sometimes. Looks a great recovery play as Nickel price really moving higher these days.

[Deleted User]

tonygee wrote: »

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

I refer to my oils only not ukx

coming into summer, etc etc

StevieJ

kittie wrote: »

I refer to my oils only not ukx

coming into summer, etc etc

A recovering economy and tightening supply from oil refiners will push the price of crude up to $100 a barrel as the US driving season gets into full swing, John Kilduff, co-CIO of Round Earth Capital, told CNBC Tuesday.

http://www.cnbc.com/id/35557089/Oil_to_Hit_100_in_US_Driving_Season_Analyst

cloud_dog

All my stocks showing blue, a nice 1% or 2% increase on the day, except MXP (but I'll forgive it today if it delivers tommorow).

Whats the betting they all close red

StevieJ

cloud_dog wrote: »

All my stocks showing blue, a nice 1% or 2% increase on the day, except MXP (but I'll forgive it today if it delivers tommorow).

Whats the betting they all close red

Which stocks do you hold?

cloud_dog

StevieJ wrote: »

Which stocks do you hold?

In the dealing account we have CEY, CZA, FRES, HOC, KMR, MXP, POG, RDSB, TMC, WTN, YAU.