Interesting day on the markets?

Thrugelmir

chucky wrote: »

banks are getting it too - i struggle to understand how to look at these stocks.
the way the price moves has very little logic.

Lloyds and RBS - speculation. RBS will need more funding or Government support in the form of insurance. LLoydsHbos is trying to stay independent. As the cost of the toxic debt insurance is too high. Cheaper to have another rights issue to increase capital reserves then ride out the storm..... Best way to trade them is ride the waves. Rather like penny stocks.

Barclays. The warrants issued will overhang the share price as will dilute existing shareholders. Barclays may require more capital as well. They got a boost fom the Lehmans arm that they purchased.

HSBC and Standard Chartered, if Asian markets hold up will continue to go from strength to strength. Good holds for the longer term portfolio.

Thrugelmir

Mr_Mumble wrote: »

Imho the main story today is in the currency markets:
King Crushing Pound as U.K. ‘Can’t Afford’ Strength

Seems a little odd that the markets have only just figured out, two week old news, that Merv the Swerv' is doing everything in his power to dilute the value of Sterling. It helps the UK housing market (in nominal terms) but the side-effects of screwing over cash savers, tempting inflation and bailing out over-stretched mortgagors who are largely to blame for the crisis (hello moral hazard!) are long-term problems King is inviting.

The chief City economists have been in tune with Merv over the past few months. The markets can see the problems ahead, and it will hit UK consumers. Not the top UK listed companies which generate the majority of their profit from abroad. Here are some:

Astra Zeneca
BHP Bilton
British American Tobacco
BP
Glaxo
HSBC
Rio Tinto
Shell
Vodaphone
Xstrata

All have material weighting on the indexes.


Hasn't been better than the early 90's for cash savers. As now returns are real in a delationary period. Like then now is the time to picking off equities to make real money not paper mache bricks. :rolleyes:

Really2

Graham_Devon wrote: »

I think this is a little unfair.

It dropped on Friday, but I didnt post about it, and has dropped a lot of times.

It's the dramatic drops which have raised my interest. A bit different to "just because it's dropped". A bit like one little flood in a village means not much to me or the news, but the flooding of a whole county makes national news. Would be silly to say "funny how they are only interested now and werent interested when it was dry".

Thing may have gone up 10% in a month. But thats not as dramatic as falling 2% in a single day.

And to be fair, I did post some questions not too long back about the big rises and why it was rising, which was kindly answered as the reason being losses in companies wee not as bad as expected.

You are missing your chance of doing an "it is up nearly 2% today" thread.

Graham_Devon

Really2 wrote: »

You are missing your chance of doing an "it is up nearly 2% today" thread.

I'm not though, it's up 1.5%

If it gets to 2, I'll be sure to start a thread.

Really2

Graham_Devon wrote: »

I'm not though, it's up 1.5%

If it gets to 2, I'll be sure to start a thread.

It never got down to 2% the other day. I said nearly.

Fact is it only fell 1.27% the day you posed this story.

bendix

Will be interesting to see how the Dow opens and what impact that has on the FTSE.

This has been an interesting week. The gloom and doom of Monday was telling, but as GD says the decline wasnt substantial and I am becoming more and more confident that my prognosis that the market is putting firm foundations under new low levels is turning out to be right.

It's done it's damnedest to slip below 4600 this week, but the market isnt letting it.

Graham_Devon

Really2 wrote: »

It never got down to 2% the other day. I said nearly.

Fact is it only fell 1.27% the day you posed this story.

Thats one of the dodgiest facts I have ever seen.

It did fall 2% (and over) the day this thread was started. What it CLOSED at is something different. Stop muddying the waters constantly.

purch

Funny how 'certain' posters only find the market boring when it's rising :rolleyes:

chucky

Graham_Devon wrote: »

Thats one of the dodgiest facts I have ever seen.

It did fall 2% (and over) the day this thread was started. What it CLOSED at is something different. Stop muddying the waters constantly.

markets go up, markets goes down - understanding why they are moving up or down is probably where you need to do a bit more research on...

Graham_Devon

chucky wrote: »

markets go up, markets goes down - understanding why they are moving up or down is probably where you need to do a bit more research on...

That's why this thread was started