UK Stockmarket 2009 and beyond

gfplux

Hello everyone, I have been away for 10 days since my first post here.

Just to answer sabretooth, "what did I hold on to in June 2007.

Well just to make clear further my "style" (ha ha) of investing. I am not young and I have been retired for a long time so wealth protection is my game rather than wealth building. I no longer trade individual shares or other more complicated trades. I am now a fund man.
So when I went to cash I held (BUT SHOULD HAVE SOLD) :- (shouting at myself)
Fidelity European. - down 35% since
Perpetual High Income. - down 26% since
Jupiter Income. - down 38% since
Fidelity Special Situations. - down 36% since
Just over two years later and the FTSE today about 1% up since January 1st 2009 is is plain to see that I was foolish to hold anything but cash.

Big question given the recent rally should I now go ALL cash. mmmmh

regards

[Deleted User]

My dh has retired gfplux and I have been very busy re-investing his cash during the past few weeks. The sipp now hold £6 cash equivalent to zero and his shares are doing very well. Look at the interest you are getting on cash. You`ll probably find that it is actually less than the inflation on food. I have to qualify that he also has fixed interest items and many of his shares are rock solid with good divis ie yields of around 5-7%

You have been badly bitten in the past and I can understand your thinking but imo this rally has legs. You need to take into account the relative costs of selling etc

sabretoothtigger

The dollar index is down on the day but has been rising since 14:30 - which would be bearish for stocks if it continues

Wondering if 955 is short term resistance, 4500 for the ftse


USD is losing ground to the yen also

tradetime

Wondering if 955 is short term resistance, 4500 for the ftse

Yeah 956 marks the top of the failed H&S, which I tend to look at as the last test, many times the market will move back up and test the head which now acts as a double top.
It's interesting that with a slew of earnings beats pre-market that we sold off from the open, though it did rally back into the close, really not a lot of conviction either way, volume continues to be uninspiring..
It would appear investors are questioning the sustainability of earnings, since although almost everyone is beating the much lowered headline EPS, it is noticeable that revenue is a struggle. Basically companies are beating on cost cuts, and you can only cut so much cost.
Personally I remain bearish in opinion, I do not believe the fundamentals support the markets current high level, however that does not mean we cannot go higher here. Sooner or later something has to give, hopefully sooner.

[Deleted User]

next real resistance is 4600

important to stay over 4343 and then if 4600 is broken?

tradetime

Resistance today for S&P remains 956, a move above 960 may imho find a lot of stops hiding out and give us a sharp move, short term support in the 930 area, followed by the open gap 905 - 915

sabretoothtigger

A move above 960 would be crazy time but could easily happen.
Today I see the dollar index is rising again and I think the market will continue from yesterday with small or negative movement overall, not sure if we're set now for a fallback before it continues up ?


Whats the symbol for IG Index, cant find them :laugh: Miners are getting a bit cheaper which I like, maybe its from bhp

Looking at banco santander bnc, high yield, 1/3 of profits in south america and stated they will not expand in usa further. Low rated for big reasons maybe but still looks good to me. Ex div soon


I see bt being tipped for some reason but I would first look at Tef.mc which is the company that bought O2 from them


Support at 947 and pivot 953




http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/PagePopup.aspx?PageId=3270

[Deleted User]

I might end up kicking myself but.... I sold the complete holding of gsk. I have put in a limit buy at a lower price and to stay in place for 3 months ending just before ex div date

decisions decisions

[Deleted User]

omg, it has jumped down already. I got almost 1158

sabretoothtigger

The sp500 is going off the page seems like, cant see any reason to doubt it for this moment anyway.
Theres resistance at 967 but its gone past that, maybe one to watch later


What price would you buy back into gsk at, Ive not really watched them at all myself. Ex div date is 29th July?

Tate & lyle jumped 10% today, nice results apparently - commodities are booming. Vedanta growth has been amazing also


http://finance.yahoo.com/news/Stocks-extend-gains-after-apf-2690003626.html?x=0




Volatility -Vix has not been this low since Sept 11th, the week before lehmans said goodbye


A chart for every kind of world market out there - http://stockcharts.com/def/servlet/Favorites.CServlet?obj=msummary&cmd=show,iday[Y]&disp=SXA