Irrational Markets

cloud_dog

Is it me, or do the markets seem just a teeny tiny bit irrational atm?
EDIT:  Just picked up on the vaccine news.

Alexland

I only rebalanced towards the end of last week from the post-election rally and it's going crazy again on this vaccine news. While I am generally pleased (although it seems likely there will be a pull back from these new highs) it does make me uncomfortable with how much is accumulating in the kids Junior ISAs. I have already sold them down to cash a couple of times when the market looked too good to be true and my 4 year old has made an overall 45% gain so far from reinvesting on lows and reached the valuation that I wasn't expecting him to reach until he was 18.

cloud_dog

I used the opportunity of this 'crazy' market to test out the 4 service providers on doing a dummy sell:

1. AJ Bell - OK(ish) very slow but managed to execute a sale via website.  Mobile app, no joy, and when it did get in I had zero holdings 
2. Fidelity - Below OK.  Very slow to log in and then to obtain price (much slower than AJB)
3. Jarvis X-O - Good.  Managed to log in ok and obtain a quote.  Speed fine
4. iWeb - Ho Hum, not good.  Have been unable to log in 

Whilst I appreciate that for all investors there really isn't an issue (unless you absolutely needed to sell) it is useful to remember that actioning a trade may not be as simple as what we have become used to.  The other thing I didn't experience (but have in my dim and distant past) is restrictions being placed on the size of orders (usually in a selling scenario).

Alexland

I also tried the same 4 providers and Fidelity gave a login error, iWeb is too slow to login, AJ Bell was just a bit slow and Jarvis were fine. Is everyone else just logging in for the joy of seeing big numbers or are people trading?

Audaxer

Alexland said:

I only rebalanced towards the end of last week from the post-election rally and it's going crazy again on this vaccine news. While I am generally pleased (although it seems likely there will be a pull back from these new highs) 

A good rise in the FTSE100 so far today but still not nearly back to pre-Covid highs.

cloud_dog

Obviously we are ignoring OIECs but, a lot of the stocks appear to have settled down a little, although the spreads on ETFs appear to remain significant.  Spreads on ITs 'seem' to have settled back to more of a normal situation.

I hold some IUMF (a little play thing really) and the spread is huge and remains so (780 / 840), usually it is one/two pennies.

talexuser

I got in iWeb just now.

cloud_dog

talexuser said:

I got in iWeb just now.

I've just re-tried it and I managed to get in.  Excruciatingly slow though.  Worse than Fidelity (in my experiment).

Alexland

I can't wait to get into iWeb to see my fund won't have updated yet....

Sea_Shell

Alexland said:

I can't wait to get into iWeb to see my fund won't have updated yet....

I find that with Fidelity, today's gains won't be reflected until after 4.45pm tomorrow.

This afternoon might still reflect Friday's slight reductions!

Thrugelmir

Took the opportunity to top slice some individual holdings today. Jarvis was spot on, no delays. 
Easy to spot busy trading days as the contract notes take far longer to be emailed.