UK Stockmarket 2009 and beyond

worldtraveller

Sell in May and go away?!

tradetime

US futures now testing the Feb swing low, which equates to about the 1044 level on the cash index, a break there should see 1019 tested this week on the cash.

tonygee_3

worldtraveller wrote: »

Sell in May and go away?!

Exactly,million $ question 'when to come back?';)

sabretoothtigger

July 13th same as last year, results season wont justify the selling most likely

sabretoothtigger wrote: »

I got mixed feelings, in one way nobody wants their assets to be worth less but also its an opportunity to get some cheaper priced returns as we enter earnings and dividend season.

I really dont think we'll reach new lows now so I dont have a doomsday theory and we might come back soon enough from 4000 or whatever is the magic number this month


I wish selftrade would hurry up and transfer my short etf so I can actually close it out if the market should spike down.
The more ftse falls gradually like this the more spring loaded the market becomes for a proper market reversal upwards

tonygee_3

sabretoothtigger wrote: »

July 13th

That was my thinking but we'll have to bounce before then, if we continue falling at this rate,otherwise we'll hit ZERO
Didnt think we'd go below 4800 but s'pose '09 lows a possibility,all this DEBT wont go away quickly

StevieJ

tradetime wrote: »

Bought some RDSB for long term ISA, bought some DGW yesterday on the NYSE for long term outside ISA, looking aroud for anything else that looks attractive

As of last night

BP = pe 6.68, yield 7.71 div cover 1.94

Shell = pe 7.84 yield 6.55 div cover 1.95

tradetime

Thanks for that StevieJ, iii give slightly different fundamental figures.
http://www.iii.co.uk/investment/detail?code=cotn:RDSB.L&display=fundamentals&it=le

http://www.iii.co.uk/investment/detail?code=cotn:BP-.L&display=fundamentals&it=le

am not sure how often they are updated. Given the overhang on BP I think Shell presents a better buying opportunity. I think maybe BP have underestimated the degree to which US politicians will nurture populist anger, and then grandstand to it. It's hard to tell what longer term damage that could cause financially for BP.

wombat42_2

Gold is up

StevieJ

tradetime wrote: »

Thanks for that StevieJ, iii give slightly different fundamental figures.
http://www.iii.co.uk/investment/detail?code=cotn:RDSB.L&display=fundamentals&it=le

http://www.iii.co.uk/investment/detail?code=cotn:BP-.L&display=fundamentals&it=le

am not sure how often they are updated. Given the overhang on BP I think Shell presents a better buying opportunity. I think maybe BP have underestimated the degree to which US politicians will nurture populist anger, and then grandstand to it. It's hard to tell what longer term damage that could cause financially for BP.

Mine are off TD Waterhouse, updated daily, that 4.31 yield on BP looks odd on iii.

worldtraveller

sabretoothtigger wrote: »

15% doesnt sound that much. 10% in one day is a crash but people have made quite an orderly move for the exit in this case. So another 10% seems fair still.

..and even today it's still 40% up on where it was in the trough of March 2009.