FTSE blasts back through 5000

inspector_monkfish

gman20 wrote: »

Lol, everyone on here laughed at me when I wanted to put money into a FTSE tracking isa....
It was 3900 back then.
Didn't do it in the end.

does that mean we can laugh at you again then ? :D

gman20_2

inspector_monkfish wrote: »

does that mean we can laugh at you again then ? :D

I guess so. I wonder how much I would have made on £7200.

inspector_monkfish

gman20 wrote: »

I guess so. I wonder how much I would have made on £7200.

ooh, about 5 million quid i would guess...

Harry_Powell

inspector_monkfish wrote: »

ooh, about 5 million quid i would guess...

yeah right, and the rest!

Harry_Powell

gman20 wrote: »

Lol, everyone on here laughed at me when I wanted to put money into a FTSE tracking isa....
It was 3900 back then.
Didn't do it in the end.

But you only joined in Aug 2009, was the FTSE under 3900 way back then?

sabretoothtigger

3900 to 5000 is 28% and on £7200 thats about 2k profit.
March 23rd was 3900, or anytime upto april 22nd or even at start of july would have been roughly ok to buy

IveSeenTheLight

Harry_Powell wrote: »

But you only joined in Aug 2009, was the FTSE under 3900 way back then?

No it hovered around the 4700 mark

That would have been a 6.4% increase.
On £7,200 that would be £460 before you take off any fees

sabretoothtigger

purch wrote: »

The UK Economy may be lagging, but a lot of the 'engine' behind the move up over the summer are stocks that don't rely 100% on the UK Economy.

There are plenty of parts of the World where the words 'Credit Crunch' and 'Recession' have yet to hit the street.

bendix wrote: »

Precisely . . so much of the rise has been in the mining and resources areas. Rangold, Fresnillo, Kazak, ENRC, Rio Tinto . . . these are tiny UK plays which largely ignore the UK economic environment and look, instead, to their core markets like China.

Besides, the fundamental truth about sharemarkets is that they are nothing to do with what is happening in the economy now, and everything to do with what is expected to happen in 6-12 months.

Dollar weakness means higher commodity prices but really theres no more value available ? I dont quite get that, if they are making more profits then someone else is going to be paying a pretty high price I guess

Kaz has gone from 200p to over a thousand this year

I agree that is international business so not about uk so much, I wonder how much of ftse100 actually is



The SP500 gained absolutely nothing over the last month it seems, they lost all their gains on a weak dollar I think. Where as we have actually increased value, that makes out position more vulnerable I think

inspector_monkfish wrote: »

"However, one needs to recognise that markets never move in straight lines, and we are approaching October, historically the month for crashes," he added.

Except last autumn we did see a very steep gradient occur. So this move now is part of that still, its still in effect a bounce back and we need confirmation for stability

Im looking at share volume charts and it shows no one really sold or bought this share when it was 150 previously.

It fell so quick, the number quickly passed and this means even on low volume this number isnt important to anyone really, its just part of the bigger picture and the big picture says the war is over by xmas right now.
We're on slippy ground, very little resistance either way which is pretty dangerous I guess

inspector_monkfish

08:00 11Sep09-EUROPE'S FTSEUROFIRST 300 <.FTEU3> UP 0.4 PCT AT 992.16 POINTS IN EARLY TRADE

08:01 11Sep09-BRITAIN'S FTSE 100 <.FTSE> UP 0.4 PCT, GERMANY'S DAX <.GDAXI> UP 0.3 PCT AND FRANCE'S CAC 40 <.FCHI> UP 0.5 PCT

08:16 11Sep09-European shares hit new 11-month high; banks rise

LONDON, Sept 11 - European equities advanced for a sixth straight session to hit a new 11-month high on Friday, with financial shares extending recent gains and energy stocks following stronger crude oil prices.

At 0710 GMT, the FTSEurofirst 300 <.FTEU3> index of top European shares was up 0.6 percent at 994.68 points, the highest level since October last year. The index, which slumped 45 percent in 2008, is up 20 percent this year and has jumped 54 percent since hitting a record low in early March.

Banks were among top gainers, with Barclays <BARC.L>, Lloyds <LLOY.L>, Royal Bank of Scotland <RBS.L>, BNP Paribas <BNPP.PA>, Societe Generale <SOGN.PA> and Commerzbank <CBKG.DE> rising 0.7-5.3 percent.

"The ride down was hard, and the rally has been equally spectacular, but I'm sure many traders would prefer smoother movements over the whipsawing effect we have seen over the past 12 months," said John Murphy, analyst at ODL Securities.

"Mixed overnight trading in Asia makes for an interesting final trading session of the week. As we approach year highs, and the anniversary of the Lehman Brothers crash, it will be interesting to note if there is a period of reflection next week," he added.

Improving macro-economic picture across the world boosted sentiment. Chinese industrial output, investment and credit growth accelerated in August, suggesting the economic recovery was on a solid course, but Beijing was unlikely to hit the policy brakes too hard to avoid derailing it.

Across Europe, UK's FTSE 100 index <.FTSE>, Germany's DAX index <.GDAXI> and France's CAC 40 <.FCHI> rose 0.5-0.6 percent.

inspector_monkfish

FTSE is flying at 5130

do i hear 6000?