bank of ireland would be heading for 36 cents were it not for the recent oil led sell off , this is a traditionally strong time of year for stocks , i have just bought a commerical property yielding 9% per year so will be selling a sizeable amount of stocks to pay for this , i had planned to get out in january at some point , who knows what will happen now with the crisis in oil
i dont think QE like we had in america is going to happen , germany calls the shots when it comes to ECB policy and they are already unhappy with draghis, dovishness ( in their eyes ) , i dont see them allowing QE unless they get a bigger say in budgetary policy of member states , germany views most eurozone countries as feckless financially and since they underwrite the euro , they feel they should dictate policy and their idea of policy is not major stimulus
i see the eurozone stumbling from crisis to crisis for another decade , the usa is doing far better and will do far better , unfortunatley stocks are very expensive in america right now , stocks are expensive everywhere , they are not the asset they were and im not clever enough to identify individual winners
once i sell most of my portfolio , i will keep some bank of ireland plus the following
citigroup facebook haliburton - bought it cheap societe generale vodafone apple general electric bmw
Poor Bob. Everyone is nitpicking at everything he posts, but to be fair to Bob he has made some very good calls in the past. He's a fairly savvy investor as far as I can tell but he takes risks I couldn't dream of. But credit where credit is due, he does make some valid points.
i mentioned the size of my holding several months ago but was scolded for it so im not going to comment
this business with oil plummeting so quickly is a real shock to the markets however , the usa ramped up its production as a way of punishing putin and while this has decimated the russian roubble , it may end up bankrupting many oil companies in america or even that doesnt happen , cause contagion amongst other sectors , in fact it appears that may be what is happening
My reading Bob is your flogging a few hundred here and there. Come bark with the big dogs when there's a couple of mill on the table otherwise it's plain boring. Sorry to be so irreverent but there comes a time to lock n load.
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