I particularly agree with your Fed comment and that is the key to a retrace and that will dictate when u put more into cash. I sold Barclays bonds 6 months ago and bought into the shares in December so luck with my timing but I do think the banking sector had turned the corner and that we can look forward to increased performance and dividends however I am aware of the risks and intend to consolidate but not here. I currently have just short of 30,000 shares in barclays but it's part of a reasonable portfolio so am happy to wait for at least 300 before I sell any. Good luck and thanks for your input.
Fregatr, but we're only 3+ months into the year. While FTSE has been rising for years, BARC's has seen resistance at under 270 for over 52 weeks. It's still well below its post 2008 crisis highs of 390+.
I'd also be cautious about predicting 7500 for FTSE.
Trillions of dollars of QE globally & historically low IR have undoubtedly fuelled market highs in most important economies, mostly led by USA. This has led to an unhealthy & paradoxical climate. If US data is relatively poor, markets rise & consolidate as they know interest rate rises will be further delayed. IF US data is exceptionally good, markets get the jitters about IR rises recommencing sooner & tend to sell-off into any rise.
I'd not worry too much about Carney. Biggest impact liable to come from the FED. Though IR rises likely to be slow, with each successive 0.25% rise most markets liable to be increasingly cautious.
Re BARC: key level, IMO, is circa 270. If it can break past that with volume, chances are it'll see little impedance to its more L/T resistance of circa 300. But BARC has shown little conviction above 260 for over a year now. Chart rather confirms that. That snapshot tells us that many traders/investors stop buying or sell-off sharply at sub-270 & without bullish data that's new to market, that might not change for a while yet. - ATB!
Read someone's post about BARC outperforming the FTSE. Well there is strong evidence that BARC does outperform the FTSE. Just look at the stock Beta. Barclays as calculated by Investors Chronicles, has a Beta of 1.78. A share that has a Beta of 1.0 , basically means it "tracks" the FTSE. Anything above 1.0, implies that each movement of the index will result in a greater movement of the share. Note that Beta is a measure of volatility and therefore the converse is true ( if the index goes down, so will the share - barring any share specific issues e.g. exceptional profit performance).
Yes funds were received by my broker on the due date and cleared in my bank today - obviously tardy due to two public holidays. You need to complain to your brokers - they might send you a gourmet hamper.
The Ftse was about 6,500 in January and Barclays 225 so Barclays has outperformed so far this year. If you seriously see 6000, I would sell everything and go home but I see nearer 7,500 with Barclays continuing to out perform. So far my targets have been met but I admit my glass is always half full! I have said it many times but there is nowhere else to put your money to get any yield. So I stay heavily invested in the market with about 18% in cash and good quality bonds. As interest rates rise, I will cut and run though but not for a while yet. It will be a rocky six months as Carney says so good money to be made by traders but I only invest. GL whatever you decide.
Does anyone think BARC has under performed the FTSE sitting at over 7000, near all time highs? What happens if the FTSE starts tanking towards 6000, a minor correction? will BARC still be sitting where it closed today? Just asking before I get abused and insulted LOL. My thoughts are....caution. with markets this high. But does that really matter when anyone holding barc in nominee can sell on extended settlement,(a covered bear closing) making a bit of cash when there is the next pull back,which imvho will pull BARC lower. No insults and abuse please....:))))
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