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Debate House Prices


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This is getting a bit tedious now....

2

Comments

  • MrRee wrote: »
    Fact is that the Bank shares have been showing a sine wave for many years .... judge it almost right and quick profits are there for the taking - it is very low risk in reality. It is also very short term - in weeks you can easily return 20% on the investment.


    I get it but I think you might find people shoring up & leaving you hanging out to dry this/next week.
    Not Again
  • MrRee_2
    MrRee_2 Posts: 2,393 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I am only re-investing my profits nowadays anyway .... it won't hurt if I get it wrong.
    Bringing Happiness where there is Gloom!
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    MrRee wrote: »
    I never attempt to judge the top or the bottom (yes, I know I said bottom!) of any market - I simply take a profit when I can ...... not being greedy is the way to wealth.

    In 3 days I expect the market to be low enough to buy and secure a profit in maybe 2 weeks time.

    It was only a few weeks ago that some people were saying this about Ftse 5400 (sell) Ftse 5000 (buy).
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    MrRee wrote: »
    I am only re-investing my profits nowadays anyway .... it won't hurt if I get it wrong.

    I bet you are a legend in your local ale house :rotfl:
  • MrRee_2
    MrRee_2 Posts: 2,393 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Jimmy_31 wrote: »
    I bet you are a legend in your local ale house :rotfl:

    I don't drink - I have no Ale house ........ you are currently my main entertainment :D
    Bringing Happiness where there is Gloom!
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    MrRee wrote: »
    I don't drink - I have no Ale house ........ you are currently my main entertainment :D

    Legend in the library then ?
  • MrRee_2
    MrRee_2 Posts: 2,393 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I'm a master fisherman ....... :)
    Bringing Happiness where there is Gloom!
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
    The sovereign debt crisis is "Speed 2" to the credit crunch's "Speed". The sequel is tedious, slow and cumbersome but you still know it's going to end in disaster.
    "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    wymondham wrote: »
    What needs to occur??(
    What needs to occur is that people need to accept the political consequences of their political risks.

    The Germans and French took big political risks when they set up the euro with inadequate management structures - the only way it could be done at the time. They took more risks when they admitted Greece, Italy etc.

    For a while it looked as if those gambles had paid off. No complaints then.

    But now their bets have lost, they're refusing to stick their hands in their pockets and pay up. A trillion to save Europe? That's only about the same order as the UK Treasury's exposure to RBS. Pathetic.
    "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
  • Degenerate
    Degenerate Posts: 2,166 Forumite
    wymondham wrote: »
    Has anyone got a plan - any plan, that will at least last longer than a few days?? What needs to occur??

    Full fiscal union (not going to happen) or the break-up of the Euro-zone (inevitable, IMO, but too painful for certain leaders to face up to yet).

    The leaders Europeans are stuck with right now are too feeble to even bite the bullet and set the ECB loose (which would still not fix anything long term, but is the one option that would buy a decent amount of time to prepare for an orderly break-up).

    My money's on Germany being the first country to exit.
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