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I do not understand today's fall in the SP of 185+. The FT 100 only fell by 5.76%.
Who is making the money here. Looks to me like L & G.
A question gentlemen. Is there an opposite ETF that doubles any ftse100 increase ?
Having finally been able to set up a trading account yesterday, I invested in 100 units here yesterday morning - hence the fall back today!. Nothing to do with the markets, corinavirus, economics............just me!. Bought in at just under 1300. Not a huge amount. Looked reasonable at the time.
Maybe todays rise in the FTSE, at 10 a.m is just a blip. Once RNSs come out with trading updates then I can't see much joy the way things are. Market sentiment may have changed briefly. Still little if any good news out there to drive market higher anything more than short term. Should have delayed my purchase by 24 hours or so; but that always is the case with investing...should have, should have.
My many years of investing have largely been successful. Lets see what happens.
Regards
CM
Somebody asked my advice on a ftse 100 related investment a couple of weeks ago. My advice was sell at current 6800. Forget 7800 as thats gone. Told him 6800 is going to look very good as the FTSE is going to 4000 at least.
Here we are at 5000.
I don't work in finance it was just my years of experience of share dealing as a hopeless PI. But some things are obvious..
Thanks Popes11.
Warren Buffet once said, "There are only 2 rules to investing; Rule 1 - don't lose money; and Rule 2 - don't forget Rule 1".
I have no intention in investing in any shares right now, only SUK2. But with the failure of being able to set up another account I may well just sit on the sidelines. The world has gone mad over the coronavirus!. Good luck to you. Glad to see someone is posting on here and hopefully not getting burnt.
Regards
CM
Chequemate.
I'm not being dramatic. Look after yourself and forget shares. Dignity the top riser. That tells you all you need to know.
It will be interesting to see what happens tomorrow on the markets. Will there be an initial rally on the back of what happened on the DOW on Friday, up nearly 10%?. It may be short lived. I just can't see any reason why the market is going to recover in the short term with the world so engrossed with the coronavirus. The steps being contemplated and in certain countries being implemented must surely push the economy into recession. Where is there any good news?. The only way the market is going to rise is if it is viewed as over doing things, over selling.
I am waiting to get an email to have opened a trading account. Fortunately I had sold all my holdings before my last broker, SVS Securities went bottom up last year. I am hoping the market rises tomorrow morning before a likely retreat which may give me time to transfer funds into the account and get a better price.
Very few shares worth buying right now. BEG may be a consideration, but overall I would say it is best to stay out of the market. Buying into SUK2 is a calculated risk as you will well know.
Good luck
CM
Today is a blip a pause if you like. Shorters and investors reducing positions will be going away for the weekend before lunch and have another go next week. The FTSE 100 at 6800 only a few days ago was a crazy position . The FTSE was always going to crash.
The hold up was probably the forces at the very top reducing exposure before letting the whole thing crash.
You may be right..........SHOULD this be the start of a bear market. The last serious one saw the stock market drop from around 6700 to around 3200. At that time I thought it wouldn't fall below 4800 so I got it badly wrong. Thankfully any money lost during that time I regained, eventually. A fall of a similar size would take the market down to below 4000. During that time there would of course be some rallies. The big question is of course, how much is the market re-acting to Coronavirus?, and if it is just a short term?, and/or is there bigger concerns?.
Regards
CM
Still plenty of time to get in on this. The ftse 100 will be down below 4000 before the autum
Anyone invested here right now will be a rare happy bunny. If I still had a share account I would have been buying here a week or so ago, but my broker went bottoms up (thankfully after I had sold all my holdings to help finance a house move), Sitting the market out at present, so more luck than by design.
Good luck to all, whatever your holdings. The market will change at some time. When the FTSE100 moves up then that will be the time to be out of SUK2.
CM
I always have one eye on this .... just in case!
https://www.cnbc.com/2018/10/05/italy-government-announces-brave-and-responsible-budget-2019plan.html
This could have a major effect on the market. SUK2 gives some protection if there is a negative reaction. Basically if the market goes down then SUK2 goes up. Worth considering since this is not spread betting and the spread is low.
CM