That's why I sold in the morning. investors are still cautious but I'm also expecting some diverting their funds to the energy/oil sector. I was thinking about it yesterday and logically with all the banking issue with DB most investors will be looking to jump into energy or commodities
Just over 100K in ISA and 42K in ordinary account. you might call me crazy but I don't diversify my portfolio. I'm now riding the banking sector with main attention to Barc due to the potential and share price to asset value ratio.
I'm fine with this money to remain invested for a long period of time but I would also like to accumulate a many as possible with a rinse and repeat strategy.
SP isn't shooting up as expected after the oil production cutting. The ftse's up in general and the U.K. Mortgage data was ok really, mortgage approvals slightly less but borrowing to individuals was 0.5 billion more than forecast.
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