Unless dumb money becomes smarter than Smart Money and switches from tech to dividends stocks. Cramer at CNBC is now telling the robin hood ers to start buying dividend stocks. Earnings will be better than last quarter , today's pricing is not justified.
Patience is the word. As the SP was threading water the SP it has to go one direction and it is south unfortunately. Cramer at CNBC stated pitching moving money from Tech to Value stock yesterday, the influx of investment should come.
US inflation to sky rocket, us dollar going to the toilet, price of commodities going up big time thx to the fed. oil majors 5% up, midstream 10% up today right now let's see how it the US session closes.
Soul, wait for 265 , sell and buy back at 255, we may stuck in this 250/270 trading range for few weeks, today's drop mostly because the pound gains vs the dollar. My view is institutions have left the boat or drastically reduced their exposure to oil , but they will be back before earnings. Bloomberg just posted an article about BP's trading arm profits, they are making a killing. Today's price is based on last earnings not the next one. I have 80k at 272, thinking of selling when we get close to buy lower, but i may miss the big run up.
Vaccine phase 3 trial success. US stimulus. Trump's victory. Word in the street to buy Value instead of Tech. Return of Smart Money. Chinese deal as they have to commit to oil imports. Drone attack on Saudi's plants would definitively help. Russia's oil/gas ban as retaliation to opponents poisoning.
Share-be-alright $19.88 translates to £2.59 ordinary share, not sub 2.50, that is still higher than today's lows at 2.57, don't get too excited :) £2.55 tomorrow maybe, buy when there is blood in the street. Also the Dow now has 30% exposure to tech vs 16% before.