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No6

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Everything posted by No6

  1. I read this as time to take a contrarian approach to the current market sentiment. Time to be bullish. The perception of the debt issue needs be put on one side again, the market needs to believe that something is being done about it, but that quote looks like a contrarian bullish sign to me. Earnings are good, companies are making money, the microeconomic picture actually looks good in many sectors. The market will have to play catch up if they can put their macroeconomic fears to one side and price in recovery. Sooner or later they usually do.
  2. Although some may find it hard to believe I don't think everyone wants to play the game of capitalism, but most, if only because of the inflationary money economy that we live in are likely to be forced ultimately to play. I tend not to dwell upon those that may be sitting back and collecting benefits because it is very difficult to prove numbers and so easy to attack, which is why the British press make a living out of it. One thing I do know is that they could be idle all their lives as a group and they will never sponge as much money out of the UK taxpayer that the bankers did post 2007. Remember also that the "dole" tends to go straight back into the economy, it is spent. Bankers don't do that with their taxpayer handouts.
  3. Hot blooded!? The Italians and French have the same reputation. They like their down time but when they get riled. Anyway, most people in Greece were probably in the dark as to what was going on until it hit them. The same could be said of the UK today, most people really don't have a clue as to what is really going on, that is why the press here can get away with saying it is an Euro/EU/European problem, nothing to do with us guv'. If the markets turn against the UK a lot of people may suddenly find they agree with the Greeks that were on the streets.
  4. It would seem that in the US they are still playing cat and mouse over raising the debt ceiling. I was expecting the markets to fire a warning shot across the bow of Washington today, a little sell off on the Dow perhaps, a little reminder from the bond market, but so far it has been a bit of a damp squib. Still the potential for a real correction if there is no real agreement, but if the politicians kiss and make up there is the potential for serious upside as the market plays catch up with earnings season. Get the debt concerns on the back burner and these markets could fly again.
  5. I sometimes think it is wrong to assume that everyone is motivated by some capitalistic force to get on, work all hours in a day and make more and more. For most of us this way of life is forced upon us anyway, forever having to compete and these days it doesn't always get you a decent quality of life anyway, so I sometimes have admiration for those that don't want this rat race, stick two fingers up to it and prefer a more gentle approach. It is becoming more difficult to be a winner in this system unless you play by the same rules as those that run it. A viable alternative is to not play the game at all although ultimately you will have money worries as inflation will get to you.
  6. Meanwhile, corporate results continue to deliver on the upside.
  7. For now the markets seem to have reacted positively to the Europe/Greece deal and now everyone's attention will probably turn towards the US debt ceiling date. Agreement on that and I wouldn't be surprise if we see new stock market highs, breaking through resistance points over the next 3 months or so. As long as the markets are convinced that the debt issues are addressed or going to be addressed, even if it means effective defaults for countries like Greece, they will price it in.
  8. Slightly off-topic, but in line with the issue of debt ceiling and spending cuts, why is it so unpopular in the US to even talk about cuts in military spending? The US military are not even audited properly! Even the Republicans and Tea Party types don't want to know about military cuts, they are more happy talking about welfare cuts, safe ground for their supporters I suppose.
  9. No6

    Slow hosting

    I agree. Very slow in the morning, UK time. Just posted a reply on my markets thread and it took 73 seconds from clicking add reply to the post being added.
  10. Or could they be acting like ostriches? Still time for a shock. Don't forget TARP, first vote.
  11. FTSE100 could be getting ready to turn here if a US deal is announced in the next few days.
  12. Debt ceiling latest. Have to decide soon.
  13. Steve Sjuggerud is a stock market bull, but I think with good reason as he believes that the inflationary policies being pursued can only be good for stocks. He's still bullish and I think baring the odd shock here and there he's still right (although I'd disagree with his "buy everything" thought. I'd say, buy the good stocks that have momentum going for them.
  14. Noticed that the spreadbetting company IG Index announced results today and they were pretty good. I've been surprised by the weakness in their share price recently, they are trading close to their 52 week low. Volatile markets are usually good for spreadbetting companies, so I wonder if the market has overlooked this one. 4.9% div yield as well, so one for both growth and income I would have thought.
  15. Or we should be thankful that the Euro exists and that others are trying to solve their problems within it, while we can operate quitely on the periphery? This is part of the problem with such an analysis. If the Euro didn't exist and all these European countries had their own currencies, own economic and financial policies, own banking bubbles as they surely would, all the PIGS and probably more would have gone under by now. Don't think that would have been good for the UK considering our bank's exposure to problems elsewhere. I agree. A US deal and I would expect a very quick stock market rebound. Question is, until it comes buying anything is a bit of a gamble as both sides may push this one to the wire.
  16. Some are still making money on the High Street. Solid uptrend. http://www.digitallook.com/companyresearch/215818/Sports_Direct_International/company_research.html
  17. Seems to be the standard approach by the largely anti-EU press here in the UK. Someone I know occasionally buys the Express and a few weeks back during the latest Greek protests, they ran a headline along the lines of "Greece Euro crisis threatens our British Banks". I thought it was quite funny, in that it fulfilled the usual attack on the EU while trying to make out that UK banks were an innocent party to events elsewhere. It ignored the reality that what is happening in Europe is not a EU/Euro crisis, but a financial system crisis, no different than that faced by the UK and USA and all the other inflationary money economies. The threat to the EU/Euro is a bi-product of the financial crisis. The idea that the UK is better off because we are not in the Euro is a joke considering that the UK has chosen the inflationary route to try and solve the problem, while promising deflationary measures for ordinary people, lower wage settlements, lower savings rates, austerity, etc. The ordinary people of Greece are getting the same medicine but on a larger, shorter timeframe scale. I doubt being in or out of the EU/Euro would make a lot of difference to them, they would have had to do an Iceland and then our "innocent" banks would have really felt the heat.
  18. You just might get those shorts. The next two weeks will probably set the stage for the rest of the year. The US debt ceiling talks look like going to the wire, they have to be agreed by 22nd July to be passed so that the US doesn't default on 2nd August. Failure to agree will hit the markets hard, I don't think there is any doubt about that, the question is whether those wanting big cuts in Congress will push it knowing that a many times Lehmann's event is waiting to happen if they stall or refuse to raise the debt limit. The thing is everyone thought that TARP would go through straight away, but originally it was voted against and set a tailspin in the markets. History could be repeating with Congress looking to make a point by pushing things beyond 2nd August. A deal will ultimately have to be made, but straight away I'm beginning to doubt. It appears that whatever cuts they may be talking about, some people don't need to worry.
  19. FTSE has now failed to breach the 6100 level five times since the beginning of the year. The good side is that each time it has failed the mood to fall too far hasn't been sustained. Can't help but feel that the traders are using any excuse right now to play the tradeable ranges, Italy being the latest "scare". We will have a couple of weeks of US default scare to come, so markets will remain volatile.
  20. This forum was originally called Green Energy Investors, but apparently there is little or no market for it. Notice who's leading the way.
  21. Think I'll stick to shares for now! Why would Venus WIlliams be 12-1? Has she gone off the boil? She and her sister use to take it turns to win all the tournaments, at least it seemed that way.
  22. Which one's Guy Garvey? http://www.youtube.com/watch?v=kpvZoyo4TOk
  23. No6

    UK House prices: News & Views

    I always thought that Housing Minister Grant Shapps was a bit of an idiot, today he tries his best to prove it with his "Mates Mortgages" (must appeal to the plebs with the type of language they understand). There again, he is only doing what is expected to be done to prop things up.
  24. Robbie Burns, the Naked Trader, or should that be the man with the golden touch seems to have done it again. I'm sure he must have some losers, perhaps he doesn't publicise everything, but even outside of the share game it seems he can't go wrong. Of course, against the odds Kvitova won.
  25. No6

    Is it time to buy a UK property

    In the UK, repossessions are on the rise.
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