Interesting day on the markets?

Generali

It's a random walk, innit.

Day-to-day information is noise, from indices in particular.

For example, the FTSE 100 on 30th November 2005 (a day picked for no significance other than it was #1 in my Google search) shows that Shell and BP between them were about 19% of the FTSE 100. Thus a specific event that would have no impact beyond these stocks (eg a windfall tax on oil company profits) that reduced these 2 share prices by 10% would mean an almost 2% fall in the FTSE 100 if other stock prices remained unchanged.

Don't look at macroeconomic news and assume it all just falls through to the micro level. It doesn't work like that.

Thrugelmir

bendix wrote: »

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.

Which sector is giving support to the markets?

The driver from the March lows has been Mining.

bendix

A nice positive start for the Dow, pushes the FTSE back up after it started to give up this morning's gains. Just what the doctor ordered.

lemonjelly

Is everyone just trying to be Inspector Monkfish in his absence?

Thrugelmir

RTZ cancelled its interim dividend today to conserve cash.

Debt repayment is the order of the day.