Reasons to be cheerful

StevieJ

A good article attempting to see past the extreme negativity hanging over the planet at the moment, I particularly like this use of the word Bull

Whilst we are respectful of the downside pressures that remain for financial markets, we also believe that it is sensible to have a more balanced view of what might happen in the quarters and years ahead. It is certainly a time of caution, but it is also potentially a time of great opportunity and investors would do well not to be totally overcome by the bull market of pessimism that has swamped financial markets.

http://www.iii.co.uk/articles/19597/patient-investors-can-benefit-market-malaise

StevieJ

Looking at the authors name I can imagine some of the doomers on here paraphrasing Henry2.

"Will no one rid me of this turbulent [STRIKE]priest[/STRIKE] Financial Advisor?",

wotsthat

I'm bored of the doom and gloom. The UK remains a land of opportunity - I hope that those who are cautiously optimistic will be the ones to find them.

The UK has just posted record exports - http://www.bbc.co.uk/news/business-15287582. Looks like not everyone accepts the doom and gloom analysis and are simply getting on with making the most of it.

FTBFun

Nice to see the rest of that link bar the first couple of paragraps is all doom and gloom mind. It's been "grahamed", to use a phrase I've just made up.

wotsthat

FTBFun wrote: »

Nice to see the rest of that link bar the first couple of paragraps is all doom and gloom mind. It's been "grahamed", to use a phrase I've just made up.

I've never known such gloomy reporting.

Every good news report seems to start "and here's some good news but, in the interests of balance, here's someone to say why it's bad news.

Rinoa

here's another good news storey.

Record exports cut trade deficit.

The UK's trade deficit narrowed in August as the export of goods hit a record high, official figures have shown. The overall deficit for goods and services was £1.9bn in August, compared with £2.3bn in July.
Total exports of goods hit £25.5bn, following a 0.6% rise, while imports of goods declined by 0.7% to £33.3bn.

Analysts said the stronger exports may boost the economic growth figures for the July to September quarter. The UK's surplus on trade in services remained at £5.9bn, with both exports and imports rising by 0.3%.

The deficit on trade in goods narrowed by £400m to £7.8bn.

Economist Alan Clarke of Scotia Capital said: "At face value it does look like very good news."I guess the health warning with this release, along with a lot of the other ones we've been getting, is the revisions to the historical data.

"Even so, it's a decent improvement on the month and may yet help to give us a decent third quarter GDP." Howard Archer, chief UK economist at IHS Global Insight, said the August figures were "appreciably better than expected".

http://www.bbc.co.uk/news/business-15287582

Of course, it had to be 'grahamed' further down so we don't feel too happy about it. :mad:

StevieJ

Does that mean double dip is off for at least this year

Old_Slaphead

StevieJ wrote: »

A good article attempting to see past the extreme negativity hanging over the planet at the moment, I particularly like this use of the word Bull
http://www.iii.co.uk/articles/19597/patient-investors-can-benefit-market-malaise

I seem to remember similar sentiments expressed by Dr. Mott, another PS employee (Income fund manager) in 2007 as he happily d piled into 'undervalued' bank shares when the rest of the world wouldn't touch them with a bargepole. As a result my shiny new fundholding quickly fell by 40% and even now (although I now longer hold it) hasn't recovered back to it's initial offer price.

michaels

Where as I remember the doom and gloom as the footsie nudged 3500 a couple of years ago and all the talk was of how low it would go - and guess what a buy signal that was.

robmatic

Isn't it remarkable how a market which consists largely of professional investors is driven by sentiment and irrationality?

Personally I'm hoping that this will all help pound-cost averaging/value averaging to pay off for little amateur me in the long term.

michaels

Surely a market that appears fairly random and reacts to events helps to confirm the efficient market hypothesis?

What I always find amusing that amateur investors seem to see a high and rising market as being good value but a market that has fallen a long way as being 'toxic'. To me regardless of anything else buying the market at 5000 has to be better value than buying it at 6000.

robmatic wrote: »

Isn't it remarkable how a market which consists largely of professional investors is driven by sentiment and irrationality?

Personally I'm hoping that this will all help pound-cost averaging/value averaging to pay off for little amateur me in the long term.