The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
After being - 10% down on the opening we're now only -3% down. If it stays lno worse than -5% in afternoon once DOW pens then its not too bad. LONG TERM there's no worries for UK economy.....well done to the patriotic brits who have had enough!!
That just confirms what I keep on saying about hedge funds + brokers They are clueless & most importantly for them, they don't play with their own money!! AAL now + 3.4% today where I think it will have a breather very soon. BUT overall FTSE & MINING (AAL) going up to the moon.
Unless this drops below 550-ish then imo overall we're doing just fine. The ftse confirmed a H&S formation last wed - thurs, so along with fear of britex the drop has been significant. The gap below at 5,943 was filled yesterday afternoon so we're now rising hopefully towards 6,030-ish where we may see head wind again. RE = AAL DO NO PANIC.
word of warning, I can tell you which way the DOW or FTSE will go, but AAL is so manipulated that I only have a fair idea.....lol I never studied the gold charts much, so if no manipulation by the MM's then I stand by what I said earlier. I be watching with interest too.