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Wow I bet a lot of folks didn't expect such a rise and got burnt this morning.
As for int rates, it's interesting to note many banks have been raising their savings rates since last year at least. 5 yr fixed cash bonds are now over 1,6 for 2 yrs when you'd be hard pressed to find that for a five year not so long ago.
As for for negative rates. The Swiss, Japanese and Danish tried it. EU considered it. We hear nothing of it nowadays. One to watch though GLA
LA My world view comes from a biophysical economics prospective. World growth is slowing and will come to an end as one would expect on a finite planet. Continually increasing the money supply (debt) to induce growth is becoming increasingly ineffectual (something like $4 of debt now only produces $1 of growth now)
Inclined to agree. The result will be a decade of inflation of >5%. Debt inflated away but with incentives completely distorted.
Arguably the "cure" is worse than the disease.
However, speaking as someone who has a background in academic Monetary Economics, that monetary policy should be decided by the reaction of asset markets is perverse. I know we all would like the Fed to keep rates at 0% but it is not good longer term and we will all suffer for it. This is certain
LA We are heading to Stagflationary world. The FED can't raise interest rates. They might try but will be forced to abort. Interest rates will normalise only after the excess debt and asset prices have been reset (which could take decades). More probably is negative interest rates.
Thanks will look out for that.
But objectively speaking, the 2022 economy is build on nothing but perpetual cheap money, low interest rates, borrowing and the implicit fed underwriting of equities. This is not the way it should be. However, given that it is, I'd prefer to be on the inside making 8% in a morning than outside looking in.
But the Fed needs to raise rates, 100%. That is not in question.
LloydsActuary - regards your last comment - there was an excellent programme on BBC2 last night -"The Decade the Rich Won". If you missed it, I would recommend getting it on catch-up. Part Two next Tuesday. Very enlightening, and something (in my opinion) everyone should try and see.
Yidade. I would say you've done well, to get out within 20% of the top, or in within 20% of the low, is very good as far as I can see. (PS..as I type this they have continued to tick up further to 159), I was going to sell a chunk at 154.5 or so, reconsidered my reasons for buying in the first place, looked at the Buy/Sell prices (spread) tightening and so decided not to. Lucky I suppose, this time (what happens during the rest of the day is anybody's guess)!
10:00 am through to 10:30 am will be interesting as market makers may have a playaround between these times it seems to me.
If one checks on the US airlines closing action, the UK's ones seen to follow the next day or so, this, might be something of an indicator? Consider, how do the professionals make their money? By instigating and profiting on share price change. The Libor scandal is a lesson for all. I don't think that stock price manipulation has disappeared.
The covid brakes seem to be coming off now a bit, so the big two issues I see are hostilities (though the U.S airlines have said that it will not effect their services at all, and results next month. Though I will have to buy dinner having lost my bet for 180 by the end of this week, at least I can now afford the potential bill!
I still find this board difficult, many bashers, and some difficult to distinguish, but lots of good posters with useful information too. I don't think that I will frequent it often.
Good luck to all shareholders.
Please DYOR
No the Fed should raise interest rates and keep raising them.
Objectively speaking there is no such thing as a self correction and were living through some kind of ponzi monetary economics to be honest.
Let's hope the rise continues, Wizz with huge losses announced this morning are up almost 4% hopefully with all the positive news regarding change of policies for testing Spring and Summer 22 will be good. Just need Putin to withdraw his forces to bring confidence back to the markets and travel sector.
I think the FED will go easy as the markets have almost 'self-corrected' The rate hikes will only add to volatility and benefit no one. As you posted yesterday, how many will take their cash and dump in banks for a measly 0.25% return or leave where it is and earn 5-20% return?
FED will report between 2 and 2.30 ET, so after UK market closes. This is based on previous releases of info. So the big problem is whether you will be locked in with starry eyes as the sp is back to the start of January, only to see it wiped out 1st thing tomorrow morning. Or, the restoration of the sp will be help and normal service resumes and the sp goes back to little jumps up based on little bits of news.
Sold my day trade(lasted a few days). nice little profit. Now wait...plus i have a tonne already..:)))
I get 159.2 for breakout then next resistance circa 170 in the next few weeks, gla
Sundezana
You certainly appear to know what youre doing .
This stock must be a dream for day traders....
A strategy of buying after big one day falls and selling after big one day rises would be alot smarter than holding long term no doubt
Cashed out at 156, a tad early. Ah well, still sat on my LTH
LloydsActuary - didn't realise your predicted big one-day rise would come quite this quickly! Thankfully, I had not bailed out prematurely this time.
Emerald - turns out you aren't nuts after all!
https://www.sfchronicle.com/news/article/Asian-shares-mixed-ahead-of-Fed-policy-statements-16804921.php
I don't think omicron infection rates published by Imperial college are having any market effect. I would imagine all the worlds traders have actually learned to dismiss and ignore them. The government certainly has. Those trying to keep the pandemic going are resorting to more twisting of numbers and inventing new methods of counting.
The fed meeting has been the big one as it turns out with the Ukraine situation also having an effect.
Remember that the iis that can swing the market hedge in both directions. We will have the fed results latter and I will be expecting the current return to the levels of last week to be maintained. Then the Ukraine situation comes into play but I see that fizzling out over a couple of weeks. The dominant impact on sp for the sector should return to more and more stories of restrictions being removed and the ending of testing (US the big one). Following that we need clear statements globally that international travel lockdowns will not return with new variants as they are useless.
Nearly up to +6%, I still think this price is very good value with everything open.....
Well as I said yday its a weird share. Frequently has a one sided Beta (>1 with falls and <1 with rises) but every now and again, it has a Beta of >5 with rises.
Robbren58, never happened with IAG so far..when i buy, if i am down, i wait...i buy more and then sell when i am in profit. IAG has been very good to me. The best trade was to buy iag after financial crisis for 1.88...it then went to 1.10-1.20 but held for many years until i started selling at 5.50 and above. Selling last just at 7 pounds..then i traded other stocks..came back to iag when the price crashed...took part in the RI and here i am with an average of just over £1.20. The thing is that i keep adding if it crashes..then i wait...thats all. I now have extra powder again.
The other day i bought some (18k shares ) at just over 1.50 and i was down for a couple of days..i never panic, i know this will shoot up...time is needed, not long now.
A very good share has been FEVR.Bought and sold about 30 times. I just bought some more..tomorrow is results. Fingers crossed, if not i shall buy some more. It always comes good.
GLA.
He descended into Hades. On the third day He rose again from the dead, ...
Hello all. Been a while.
Have watched with interest over the last few weeks.
Took a cheeky punt yesterday at 148.
Just sold at 156.
Not a bad return for s day trade.
Good luck all.