UK Stockmarket 2009 and beyond

Old_Slaphead

Dow fell away last night - expected footsie to open down 50 points this morning.

Why the positive start ????

sabretoothtigger

It fell so much that it reached support. Euro dollar also found support though it should resume downwards I think.

The news to cover this was related to positive export figures for Japan and compromise in Australian tax rises on big commodities companies some of which are linked to the LSE I think

Generally asia is a good bet and the west is not but its a global thing also


Yesterdays was the lowest close so far for USA. Microsoft was especially whipped for some reason and thats a big stock


http://www.forexfactory.com/calendar.php?do=geteventinfo&day=2010-5-26&c=2



Found this site while looking at why HDY had dropped, seems very good for small stocks so I guess its known by some here?

http://www.stockopedia.co.uk/document/view/40009/initiating-coverage-more-than-meets-the-eye

The HDY move was predictable though I doubted it, charts know best it seems. This is the price it should always been bought at apparently, significantly away from 200 support

Similar chart formation for EMG I think though its entirely different stock. Its up well recently but its within range of this downtrend so we shall see I guess. Plenty of time before ex div. Everything is probabilitys

CEY has been a dream over the years.... not just hte SP but the way the company is run, its updates, setting achievable commitments and delivering on them. Excellent company.

doh you need to tell me, it might help encourage me to get a decent amount. Both are some of my smallest holdings because they so volatile and I dont really like russia, putin is so insidious .
However they have done ok so less small now and I figure holding only a small amount will stop me selling too early with good growth.
3% in these 2 and maybe 10% in gold overall, not much not like golden wombat there



http://www.telegraph.co.uk/finance/economics/7769126/US-money-supply-plunges-at-1930s-pace-as-Obama-eyes-fresh-stimulus.html

StevieJ

Old_Slaphead wrote: »

Dow fell away last night - expected footsie to open down 50 points this morning.

Why the positive start ????

The markets appear to be following the Euro, it fell away last night and recovered this morning (support from China), I suppose the Eurozone is the biggest story affecting world markets at the moment so any positive/negative developments affect the euro exchange rate and thus good/bad news for the markets. So euro may be a good leading indicator to watch for.

European stocks rose after China’s foreign exchange regulator said reports that it was reviewing its euro holdings are “groundless.” Asian shares and U.S. index futures surged.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOKqOqI7uAGI&pos=1

turbobob

Old_Slaphead wrote: »

Dow fell away last night - expected footsie to open down 50 points this morning.

Why the positive start ????

I don't know, but EUR/JPY started to fall steeply last night around the time the US market turned negative. It has recovered a little overnight.

CNBC video on this - http://www.cnbc.com/id/15840232?video=1504923231&play=1

Why are these and other markets highly correlated at the moment? I guess its probably indicative of huge amounts of speculative money shifting around the financial system, carry trades and so on. Over the weekend the FT published an extract from a book by one of their writers, John Authers, which looks like it might be a good read on the subject. http://www.ft.com/cms/s/2/6d6ad426-63ac-11df-a32b-00144feab49a.html

JamesU wrote: »

Worth watching:)

http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=K6F90&univ=E&typeCode=FB4P1&pagetype=performance&unitType=unit

Should do well if the situation with the North does not escalate further, but the Dear Leader is completely barking and unpredictable. Here's another speculative one for the really brave (don't fancy it much myself!) - http://www.trustnet.com/Factsheets/Factsheet.aspx?fundcode=BBFB2&univ=E

lvader

I feared the worst when the US markets dropped like a stone in the last hour or so of trading. Good to see the Asians talking the lead and stopping the nonsense selling. I think there is a good chance we will see a continuation of the bull run after the May correction rather than the bull run turning bear.

cloud_dog

sabretoothtigger wrote: »

doh you need to tell me, it might help encourage me to get a decent amount. Both are some of my smallest holdings because they so volatile and I dont really like russia, putin is so insidious.

However they have done ok so less small now and I figure holding only a small amount will stop me selling too early with good growth.
3% in these 2 and maybe 10% in gold overall, not much not like golden wombat there

Just bear in mind that CEY will obtain its full listing being included in the FTSE250. didn't make it last time because a high percentage of the shares were traded on the TSX and they could not state that the UK was its main listing. The average volume over the recent couple of months has been about 2:1 in favour of UK so there should be nothing stop its inclusion.

Unfortunately POG seems to be toying with the idea of getting included in the FTSE100 (needs about a £2.3bmarket cap for automatic inclusion).

atsoc15

whats the deal wth desire and rockhopper shares, as sure fire a bet as everyone is making out?

tradetime

turbobob wrote: »

but the Dear Leader is completely barking and unpredictable. Here's another speculative one for the really brave (don't fancy it much myself!) - http://www.trustnet.com/Factsheets/Factsheet.aspx?fundcode=BBFB2&univ=E

He looks such a cheerful chappy

tradetime

wombat42 wrote: »

tradetime - i am 100% gold stocks (Investec Global Gold fund) apart from cash. I feel pretty relaxed with leaving it alone for a couple of years. You may be fed up of hearing the hype but the average Joe Public still knows nothing about gold investment. Until your taxi driver starts recommending gold to you, the bubble will not be about to burst and i think it is at least 2 years away.

There are several reasons for golds rise.

Hi wombat, I'm always fed up with "hype" it is by definition undesirable and in some cases, for the easily led, downright dangerous. But hype should not be allowed to detract from fact, and I do believe in the fact that gold is indeed a store of value, pound for pound one of the best there is (or should that be ounce for ounce ) assuming of course you buy it at the right price. As for being 100% invested in gold stocks, that is more about diversification, or not. Personally I'm not a big fan of diversification for the sake of it, but that's not to dis it, I think it's a "horses for courses" issue and probably suits the majority. Since I'm not an investor I would not presume to tell anyone how they should or shouldn't invest.

I would suggest though, you be wary of how literally you interpret market cliches, they are churned out by the market for the consumption of the masses and thus never tell the whole truth. Many investment classes boom and bust quite happily without the participation of your taxi driver. All that is required for a bust is that the professional speculative money, assuming it has gathered a lot, either gets nervous or sees a better opportunity, your taxi driver may or may not be caught out. The participation of your taxi driver simply removes all doubt.

As I see it the reason for anything to rise boils down to one, more buyers than sellers. Of course the reasons for that imbalance may be many, but gold especially is susceptible to speculative money, when the fear of whatever they sought protection from passes, they will move in search of yield, or growth, or value, or whatever. That said, I hold a modest amount of gold exposure through a royalty company, and a larger amount of silver through a physical ETF. My expectation for gold is approx low $1300's this year.

[Deleted User]

I hope you are all keeping afloat. I am pretty well hunkered down and busy selling our house, having bought another so no time to stock watch. I sold all our BP. a few weeks ago, thankfully and have re-invested the proceeds in AV. AZN and VOD. This BP disaster makes one want to weep, such a shame to see a big company like that go down and dragging pension funds etc with it