so by now the big guys that got it so wrong have had time to contemplate their next move, the city got it wrong, and now they will alter their strategy, we should expect ftse to tank, and we might go with it, but the damage will be much less due to the exchange rate, and the fact that data (good or bad) is due within days. maybe monday, maybe not, prob be best if comes out wed./ thurs once the markets have hit bargain levels that have itchy trigger fingers ready to buy them.
if we do drop, support prob 80 or 76, (72 if data is delayed) no idea what that will be for us due to ER volatility
so if you believe in the data, its a buying op, remember all the price targets are in dollars, so ultimately we stand to gain from a low pound, even if the data is poor as it would limit downside relative to gwph
put a sell order on it then, cos when it pops, it prob wont hold!! buuuuuuuuttttttttttttttttttttttt, we have more data due in july, and the pound will prob be lower by then, which means you will pay more relative to gwph!
so all the euro indices are down big time, while the ftse is only down 2% (italy is 10% down) what does that tell you...its all BS!! we have the 5th strongest economy in the world, the EU is screwed and we were bailing it out!!! big global recession coming as predicted all year by the clever guys that tell the truth, now we are out of europe we will do better!!!
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