Debate House Prices


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Umm, why is the FTSE up this morning?

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Comments

  • Generali wrote: »
    Because Italy seems to be taking credible steps to get a grip on the situation. Also, Italy has a realistic prospect of exporting her way out of trouble if the Government can cut taxes on business which seems possible.

    Spain on the other hand has an insolvent banking system (certainly the 'cajas' appear to be), Spain's unemployment rate is 20.9% with youth unemployment approaching 50%.

    I might be wrong but I think Italy may be able to stay solvent.

    Good job then because being the third largest eurozone economy, they would appear to be too big to bail out, as you say spanish banks appear to be insolvent if you factor in how many unsold property stock they must hold on their balance sheets.
  • edinburgher
    edinburgher Posts: 13,537 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Currently down 3.19%!
  • Jegersmart
    Jegersmart Posts: 1,158 Forumite
    Currently down 3.19%!

    The FTSE has today broken below the low of 25th August 2010 (5070.94) by printing a low of 5062.42. This is significant as price action will usually try to test these historical levels to some degree. The problem is that the next low is the low of 1st July 2010 at 4790.xx. Now no one can say whether or to what extent these things may be tested and in what order but the distance to any recent high (to make a higher high) is a good 700 points to the upside. Havign said that we cannot tell at what level buying will come in in a sustained fashion but I would think it is likely that it will firmly test 5k in the coming days weeks unless economic data suddenly becomes great. If 5k is broken, in time I would expect us to test the lows of July 2010. Price tends to want to confirm these levels more often than not in my experience. The level above at this very ealry stage is 5913 or so so is "miles" away......

    very imho and dyor. good luck all.

    having said that I have rotated 5% or my portfolio back into equities today (a mix geographically) as a first step of many (most probably).
  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Pardon?

    I didn't quite catch that.

    It's technical analysis (TA) tosh - based on pretty pictures and historic shapes and graphs.

    Fundamental analysis (FA) is how investment decisions should be more sensibly decided.

    Though you do get FA from TA.
  • Jegersmart
    Jegersmart Posts: 1,158 Forumite
    It's technical analysis (TA) tosh - based on pretty pictures and historic shapes and graphs.

    Fundamental analysis (FA) is how investment decisions should be more sensibly decided.

    Though you do get FA from TA.

    Hi

    I do not in any way work on TA alone, but I am getting a little worried for you as you do not seem to contribute anything. We are in a thread called "ummmm, why is the FTSE up this morning" and all you can do is to be insulting and irrelevant (to this thread) whilst others are sharing ideas, opinions and possibly some knowledge?

    I wish you well with whatever works for you but I do expect you to stop the rude and ignorant comments as they do no one (especially you) any favours. Agreed?
  • IronWolf
    IronWolf Posts: 6,426 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    These are the times that separate the investing men from the boys :p

    Theres a lot of money to be lost, but theres a lot to gain. Look back at every stock market "collapse" in history and those that were brave and intelligent reeped the rewards.

    You can't beat the traders at their own game, you have to win by having the bigger set of balls and intelligence. Be greedy when others are fearful, and be fearful when others are greedy. Invest now and you're most likely going to see red numbers for a while, no matter how smart you are, but in the long term it always pays off.
    Faith, hope, charity, these three; but the greatest of these is charity.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    From Robert Peston's blog on the BBC:
    If only things worked like they do in the textbooks.

    But if Greece could borrow at 3%, nobody would worry about whether it could service its debt, so people would happily lend to it at 3%. Yields go up, people worry, then they want even higher yields, vicious spiral.

    There's no proper market price here, because supply and demand are too elastic, real risk is unquantifiable, and psychological perception of risk doesn't relate to anything in particular.

    But what is imperative is that potential large-scale short sellers believe that it's somebody's job to ensure they get taken to the cleaners. And the eurozone doesn't seem to have quite grasped this yet.
    Whilst it sounded like a hefty thwack, the can may have just gone up in the air rather than a long way down the road.
    The world has been going to hell in a handbasket since the dawn of time, and kicking the can down the road is all we've ever done. In the long run we're all dead, etc. Why do we want solutions all of a sudden?
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    pqrdef wrote: »
    The world has been going to hell in a handbasket since the dawn of time, and kicking the can down the road is all we've ever done. In the long run we're all dead, etc. Why do we want solutions all of a sudden?

    Are you serious?
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