surprised myself a little with getting the director buys right! Nice to see a blue day albeit a small one, had hoped the fed news would drag this up a little more than it did with the rest of the market. Still we have the football. When England do well the market rises I am told. So another blue day tomorrow!
lol TheCat14 if Harriet wants to work with her draws down then I say let her work with her drawers down!
Summer doldrums and out of favour. 2/3 of my house builder profit has vanished like a fart in a fan factory. Builders churning out cash like there's no tomorrow but market value sour despite all this value.
Hello Share Pals: The old shares seem a bit soggy at present, to say the least. There is no appetite for risk, as they say.
Too much nastiness going on in the world. The Ukraine is nasty. Iraq is nasty. So is Syria, the Sudan and Nigeria.
All that unsettles the big traders. And so share prices tumble around.
There have been a few unsettling factors in the UK, too. Unemployment is dropping, but the new jobs are either very well paid (too few) or too lowly paid (too many).
House prices seem to have levelled off. England has already made a poor start in the World Cup, which always seems to knock share prices.
But all this is temporary. I do not worry about the effect of world aggression on shares. Yes, I do feel acute sympathy for the innocents caught up in it, but the effect on shares of warfare is usually to kick them upwards in the end.
Which may seem odd. But check back on all the big conflicts and you'll see that, after an initial blip or two, share prices rocket back and then beyond.
Nor do I worry about unemployment. That will fall even more as national growth improves, so will wages.
And house prices? Well, I think it's not a bad idea to invest in building firms. They've taken a knock with the Bank of England's governor warning about interest rates going up soon. But with a national house shortage – and the government desperately trying to encourage new building – I reckon that house builders are going to see a big upsurge.
What I'm trying to say, gang, is that the present lethargy over share-buying is caused by insubstantial reasoning and eventually value will win over gloomy sentiment, as it always does. And then shares will hit the sunshine trail again.
Which we've been saying quite robustly in the Punter's Return.
Malcolm Stacey has been writing about shares for more than 20 years. Share Prophets
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