Santa Rally?

Alexland

Just realised that we haven't had the traditional forum Santa Rally thread yet. Is anyone seriously expecting a last minute surge or are we all just thankful that our investments survived the 2020 pandemic with modest gains? Was this year's crash the start of a new market cycle or are we still at the end of the long bull run that followed 2008?

Prism

As usual I have no idea. It still feels like the long term 2008 growth story with all of the central bank assistance. I kind of wish it would end as my additional monthly contributions are making little dent anymore.

This year has felt anything but modest to me. Best year since 2016 and this time without an exchange rate boost.

Thrugelmir

Be the usual closing of open positions ahead of financial year at the investment banks etc.  Trade might be more muted than normal. Has been a buoyant few months for markets generally. Time perhaps for taking a pause and reflecting. With the main reporting season ahead in a couple of months time. 

msallen

I agree Prism - modest is the last word I'd use this year.

Sobeboy15

I have taken a small position but at the moment it’s not looking good.  Fingers crossed it picks up. 

Alexland

Prism said:

I kind of wish it would end as my additional monthly contributions are making little dent anymore.

Yes that can be a problem. That's one of the nice thing about having smaller ISA and Pension accounts for new contributions and larger ISA and Pension accounts for parking old money. A fresh little ISA for this tax year made me feel 20 years younger but buying at current prices doesn't feel like a good enough deal compared to the opportunities earlier in the year. I regret not pawning some vital organs to get more money into the market.

This year has felt anything but modest to me. Best year since 2016 and this time without an exchange rate boost.

Well you always do super speeding ahead with your Fundsmith & Son while the rest of us plod along in our dreary grey choices. Maybe 'modest' is an understatement our accounts have achieved double digit growth so perhaps I am being insufficiently pleased and we should be celebrating a very good period to have been invested and confidently held our nerve through the crisis?

EdGasketTheThird

A year-end melt-up is on the cards imho

csgohan4

with the brexit in the balance, it could go either way tbh, although some could argue if it hasn't already been built in already. Clearly you can see that with the air line industry based in Europe taking a hit last 1 week or so

Who has a reliable crystal ball?

Index trackers and energy funds are the way to go at present

Thrugelmir

csgohan4 said:

with the brexit in the balance, it could go either way tbh, although some could argue if it hasn't already been built in already. Clearly you can see that with the air line industry based in Europe taking a hit last 1 week or so

Who has a reliable crystal ball?

Index trackers and energy funds are the way to go at present

Global airlines are hardly faring any better. BA announced the scrapping of a number of international routes today.  

masonic

EdGasketTheThird said:

A year-end melt-up is on the cards imho

A melt-up? We've had plenty of that already, haven't we?

EdGasketTheThird

masonic said:

EdGasketTheThird said:

A year-end melt-up is on the cards imho

A melt-up? We've had plenty of that already, haven't we?

S&P to 4500; DOW to 35000 by early next year.