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Wait till the US market opens and watch the SP rise.
GLA
bb120268 - Agree No set price predictions just go with the flow like water and follow its path of least resistance - it's never going to be a straight run unless you have an avalanche or a waterfall.
billston. I agree, everyone does not have to agree with everyone else's view, but the art is reading between the lines of the relevant posts, and then making your own mind up.
People will ramp and deramp.
Again however, I bow to the engineer.!
Nah people should use collective intelligence to make decisions, we make better decisions in groups drawing from the experience of everyone in the group. that's my opinion anyway!
Botbot
Liking the humour. It’s sometimes just nice to have a laugh whilst sharing views. ....
Try not to under estimate us and we’re then good to go ...
When I start taking notice of FOOL is the time to call it a wrap....
Not very valuable though, just a load of waffle we already know, I can post these all day long if you like?
There are no positive news articles to share, oh hold on this one is the most positive I can find anywhere.
https://www.fool.co.uk/investing/2021/02/27/will-the-rolls-royce-share-price-reach-150p/
TheBuyer.....
Billston is an old engineer.
He is entitled to be grumpy and then happy, calm and then mad.
Engineers are the ground that we are made of, the heart of sole of society.
Without engineers we would still be eating snow.
Of course, I'm an ex-accountant, and without those, everyone would happy all the time......hence why I'm an ex-accountant :-)
I am certainly not an angry person, I have the best life ever!
@bilston
You sound an angry person at times yet a couple of days ago you told me to basically calm down and take both sides and was I bored ?
If the cap fits my old ......
I am posting up-to-date, in my opinion, valuable information, and you aren't saying much to the guy who posts reports that are several weeks old, because why would you, because they say what you want to hear. Why don't you find me new some positive news, that we all don't already know about? I post what I can find at the time both good and bad. Most of the critics on here add no real value to this board at all, just criticism.
We will find out on Monday what it all means. Many investors will see the word stimulus and $1.9TR and think that everything is going to be great, but we need to know how the market reacts to the most recent articles. These ones are a few weeks old and sentiment looks to have changed since then, especially given the fact that there was a sell-off yesterday. Does anyone else with more in-depth knowledge have any further information on this subject?
Stocks rise at the open on stimulus, vaccine hopes
https://www.marketwatch.com/story/stocks-rise-at-the-open-on-stimulus-vaccine-hopes-2021-01-21
https://www.wsj.com/articles/u-s-stock-futures-rise-ahead-of-yellens-testimony-11611045783
That it will.
Botbot could be viewed as a negative if the 10 yr bonds and dollar rise together.But seems to be seen in the past the more they print the more the markets love it.
Worth keeping an eye on
There are varying opinions on the effect of the stimulus on the dollar though, so a little uncertainty.
"Theoretically, $1.9 trillion of stimulus added to the US economy should mean a lower US Dollar. However, don’t expect Biden’s stimulus package to have the same effect on the US Dollar as the previous stimulus package. When the first package was passed, the world was in the early stages of understanding the virus. Although many countries are still trying to control the virus via lockdowns and restrictions, experts have more knowledge of the virus. In addition, vaccines are available and will become more widely available come Q2, as warmer weather approaches. With the near 13.4% depreciation in the US Dollar in March and the Federal Reserve on hold (for now), could the stimulus package lead to a move higher in the US Dollar? In this case it would be a reverse of the adage “Buy the rumor, sell the fact”. For the US Dollar it could be a case of “Sell the rumor, buy the fact”. "
Not mention the further weakening of the dollar. see https://www.forex.com/en/market-analysis/latest-research/what-does-bidens-stimulus-plan-mean-for-the-us-dollar/#:~:text=Since%20the%20pandemic%20hit%20the,to%20recent%20lows%20at%2089.20.&text=Theoretically%2C%20%241.9%20trillion%20of%20stimulus,mean%20a%20lower%20US%20Dollar.
The main concern is it leading to a rise in inflation, which is causing panic around the globe already.
"Inflation erodes the value of money. ... However, inflation eats into the purchasing power of every dollar you receive from bond interest in the future. Since those interest payments are now less valuable as inflation rises, your bond is less valuable. This causes the price of the bond to drop."
This is why we are seeing a sell off, even though inflation isn't massively high now, investors are predicting it will be. That's why the market got spooked and the markets took a battering.
So the $1.9 Trillion stimulus package is not really as positive as it seems in some investors eyes.
Unfortunately this could also be viewed by the MMs on Monday as negative news.
The US has borrowed an extra $2.8T above their usual borrowing in 2020, plus in 2021 it's been an open cheque (check for all you Americans.!) book.
Another 1.9T on their balance sheet to try to justify boosting the economy, when the economy has largely stayed open through 2020/2021 is just borrowing for the sake of borrowing.....Hence why this may be a negative, not a positive.
but then again, as I've said before, who knew that closing the pictures (cinemas) for 12 months would result in a x4 gain on Cineworld.!
I’d expect a strong opening on Monday.
And a positive budget would help.
Onwards and upwards.
GLA LTH
Hope so ....
Thanks very much. Hopefully Monday morning will be a brighter outlook then :)
They voted on early Saturday morning i.e today to approve this