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Thank you too, Avro.
It's just as well that everyone doesn't always agree with each others conclusions and opinions, otherwise it would be one boring forum wouldn't it?
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'Buffett puts it more prosaically, citing fear & greed; you know how that one goes".
"Our goal is more modest: We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
Velo,
Although I may not always agree with your conclusions. I have always found your contributions to be well thought out very helpful and informative. Please keep posting and do not take any notice of the "little englander". I am willing to bet that Toff once had a job in the city and was unceremoniously booted out. That is why he has this crazy obsession with Market Makers.
GenerationZKid & NigeCo:
- Thank you both for the generously worded appreciation.
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'Buffett puts it more prosaically, citing fear & greed; you know how that one goes'.
"Our goal is more modest: We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
GenerationZKid,
"Got to comment, thanks for your posts Velo. I've Learnt a lot from your assessments on both the BT and the JD BB. Do keep posting. Cheers"
I second that Velo, ignore criticism, your post's are always worth my time reading them. You're the best poster on this BB along with Fleccy. Cheers.
Lamtree
“Every keyboard has a spellcheck if you’re using a smartphone manufactured after 1998? “
But of course - you’re not posting from a smartphone, you’re posting from an old computer keyboard. No spellcheck. And no automated program to help you with your grammatical and punctuation struggles.
Sherlock has just guessed the weight of the cake
Lamtree
“I can count,you cant and your only saving grace is useing spell check,”
Every keyboard has a spellcheck if you’re using a smartphone manufactured after 1998?
But presentation in the written word is about much more than that. It’s about sectioning paragraphs to emphasize meaning . Double spaces after commas and periods please . Eliminating solecisms and grammatical faux pas if you aspire to sophistication.
I can see you’re struggling but if you want to be taken seriously delivery is essential.
Toff
“I think you should call the samaritans Toff”
And I think you should get an education Lamtree
You try and lord it over people but that’s never going to happen while you’re illiterate and uneducated.
Crossing the class divide takes more than a fully paid up membership for the Tory party. It’s a bridge someone with your intellect will never cross - that’s for sure.
Toff
T
You have used a Cliché yourself “fear of missing out'' - FOMO.
The fear that Buffett was referring to as you should know was the fear to invest, so obviously cannot be equated with greed.
Velo
“Buffet puts it more prosaically, citing fear & greed; you know how that one goes.”
Maybe we come from different worlds, different schools, different backgrounds, but I find the content of your posts crude in the extreme.
Full of primitive ignorance.
For instance - fear and greed
Are one and the same - but you believe them to be opposites
Greed is defined by the educated classes as the “fear of missing out” - NOT the antithesis of fear to which you allude - so in actuality fear and greed are one and the same (indistinguishable)
So markets are driven solely by fear - not by greed and fear. for greed is nothing more than fear of missing out.
That’s lesson one
Lesson two is:
Don’t repeat cliches like a parrot. Cliches are often erroneous reasoning; a lazy man’s substitute for thought; recited by the masses as conventional wisdom but often the polar opposite of truth.
Lesson three:
We’ll leave for another day
Another post
Toff
Nige - Before switching off, just checking the futures of the DOW which have now closed until Sunday evening and yes, the DOW futures closed up 239 points!
If Monday morning is still similarly positive on futures, then blue will abound all over the place - everywhere.
Velo,
According to ADVFN BT closing UT price was 141.62p.
DOW improved 300 points on the London close. Fingers crossed for Monday.
Well that's an impressive close in the circumstances - 141.62p considering the circumstances.
Thought that must be worth a mention in the end of day dispatches, so looks - and they have BT in the 'most down' column at 138's.
I'm seeing 141 from my paid-for subscription services, my brokers, and other places, so unless I'm corrected by others, I'll take it as this free data site is incorrect for BT's close, as it has done so, for some days this past week. Normally outside of market duress, it's quite accurate.
Even if it was 138 close, that still fits in with just flirting at the entrance to the original down trend entrance channel
ie., " 138p-ish down to circa 115p".
Probably shouldn't take comfort from that as despite a singularly magnificent looking candlestick tonight, it's still of the 'expect the kicking to continue' pattern.
Whatever; I'm just pleased the SP didn't close below the high 130's.
Volume was near double the long term average today; so that 141 close is derived from genuine, serious input.
The DOW was over 1,000 points down when BT was rising up to 141, yet it too, has just closed at only 357 points down. Can't read anything in to that, or can you? :)
The VIX was at near 50 points when the DOW was 1,000 points down, which meant there was virtually nothing worse than this occasion (bar one) between here and the 2009 last big crash (90 odd VIX reading at it's height of fear).
VIX slightly improved by close less than an hour ago to 40 points - however, that is still hellishly high.
Then again, as the old timers say:
When the VIX is low - go slow;
but when the VIX is high it's time to buy.
Buffet puts it more prosaically, citing fear & greed; you know how that one goes.
Too dangerous to say anything about next week, so it'll be a case of having to suck it and see.
Rolls Royce closed up tremendously 3%+ today (double that % at one point!) on full year results producing losses! But because they had "narrowed" ie., not as much a loss as last year but still a loss, it was deemed a successful result; revenue was up though.