RE: Celebrate, good times!!!!9 Apr 2024 13:22
"Of course it has.....The City makes money....and as there is no such thing as a bad market"
Not sure about that Pokerchips. Even hedge fund titans like Paul Marshall have lamented the fall of UK equities, he aptly described it as the "Jurassic Park of stock markets". Many UK fund managers pivoted away from UK equities towards the US and Japan, the valuation disparities across the pond are really stark - the big neon sign examples are BP and Shell versus Exxon, Chevron etc.
Low volume and thin liquidity mean institutions need to encourage order flow and market participation by taking down stocks and forcing market consolidation to earn £££, we've seen it in oil and gas.
Most people here would rather shovel every penny they have into the housing market, whereas UK stocks have been largely ignored.
Did you know that in the early 2000s, Vodafone had a bigger market cap than Apple - now it's $23bn versus $2.6tn :)