... still dropping like a stone... down 400 pts...2.5%... i cant predict the markets opening on wednesday.. they could follow this trend... it has been a nice january and february ... so far... down 20...30...+...%.... nobody wins in this market... but then this is election year.... when mkts tank before elections .. the most undesirable political party can win....
like a bell tolling London Calling always chimes in with an offer to measure up the remains and that is the only time we hear from him - harbinger of doom.
This was always going to happen with the depression on the bond markets and the inability to raise interest rates, because of the carnage that would result all over the place in our wonderful zero hours service sector.
As I posted last week, oil prices dropping, record car sales and low interest rates is not exactly bad news where investments have been made in what are likely to be productive and profitable SME's - where I am pleased to see from John Mc's posting the bulk of BOI lending is going at the moment.
Looking at the current valuation and knowing what the high point can be, I was very tempted to sell my golf clubs and buy MORE - @ .39 where we have already been - that is a 56% gain on the present price. So what if it takes a couple of years to get there when I have not included the slowly rising Euro.
Long term, my feeling is that despite all the bluster convergence will bring the pound into line with the Euro as the economic cycles synchronize.
Admittedly this is only a feeling at the moment, but when everything has been said devaluation is not something that this country shrinks from when the chips are down, even when they describe the actions of the pound as being allowed to float, as they did with Black Wednesday with Norman Lamont if you can remember him.
That's my two penneth anyway for tonight, I tee off at ten tomorrow weather permitting.
That fall was kind of fun in a way. Not as drastic as the falls and rises of 2008 & 2009. I'm burnt a little and not too far from a margin call but i'm feeling good and positive. At least we're (probably) not going back as low as 7 cents again.
Brent oil getting hammered again, expect more red figures tomorrow, next few weeks could be bargains. Surprised how much people are panicking over short term values, long term this stock will be a winner. Do Ye all check your house values on an hourly basis too??
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