UK Stockmarket 2009 and beyond

worldtraveller

turbobob wrote: »

Moved back towards the lows this morning. Commodity and mining related are taking the brunt of it. Anyone buying?

Dripped a little in today, settlement tomorrow. Buying in to an average 10% drop, as of today, since switching around 50% back to cash in some commodity based unit trusts since the end of March (mainly First State Global Resources Fund).

Mind you, IMHO I feel there is still some more downside due in this correction, but just doing some drip feeding now.

wombat42_2

gold not zapped as much as other commodities - only down 0.5%.

sabretoothtigger

It going to be a negative morning for ftse obviously but the euro gained vs the dollar.
So I find some optimism in this though its still in a downtrend.

Note above that dollar index is marked red and fell today




The ironic thing would be Germany is the worlds largest exporter and America is the worlds largest consumer nation.
Seems obvious to me which is the better value for investing now


Futures price for FTSE is about 4978, I see some support at 4952



Compared to the chart above Im looking for confirmation dollar has lost its positive momentum.
This should feed through to shares at some point
http://img706.imageshack.us/img706/2953/img12743888646712887631.gif

worldtraveller

FTSE just dipped below 5000 (4999).

JamesU

Anybody know why NG drop so dramatic this week? High debt levels and threat to div? or another reason?

JamesU

Kavor

JamesU wrote: »

Anybody know why NG drop so dramatic this week? High debt levels and threat to div? or another reason?

JamesU

Rights issue - The two-for-five rights issue at 335p a share will raise £3.2bn. The rights price was set at a 43.7% discount to the previous day's share price - adjusting for the previously announced 24.84p a share dividend. National Grid wants to fund capital investment in the UK - it expects to spend £22bn over the next five years.

JamesU

Kavor wrote: »

Rights issue - The two-for-five rights issue at 335p a share will raise £3.2bn.

Kavor, thanks for this, not sure how I missed that news. NG ticked off the list:)

JamesU

fullstop

British Airways Posted a 531m loss and the shares were up today Why? with all the strike action going on and the pension problems who would want to buy into this company?

Bought some Glaxo today on the fall , small profit already.

simpywimpy

is it better to sell the ones that are showing a profit and just hope for the best with the ones that are down?

I noticed over the last week that my 9k in shares is now worth 800 less overall.

Ive also heard scare stories that the whole economy is about to collapse and money as we know it will be worthless.

Any comment?

StevieJ

simpywimpy wrote: »

is it better to sell the ones that are showing a profit and just hope for the best with the ones that are down?

I noticed over the last week that my 9k in shares is now worth 800 less overall.

Ive also heard scare stories that the whole economy is about to collapse and money as we know it will be worthless.
Any comment?

Funny you should write that I wrote this on the another thread.

I wonder what the students economics exam paper submissions are like these days with all those nutter tin foil hatter web sites around

https://forums.moneysavingexpert.com/discussion/2483019