The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
https://uk.investing.com/indices/us-30-futures-streaming-chart
The footsie tracks the Dow futures chart and Dow market exactly.
There is absolutely no doubt, whatsoever, that the future of the world, is one great big village/country. I understand and appreciate every point of view, on this subject. We can face the future and embrace it, and be ahead of some other countries, or we can try to hold back the future, kicking and screaming. The final end result is going to be the same.
I am no expert. I think, SP is going down because of, a most probably Labour win, in the next election, not because of Brexit worries, though, that might have a small effect.
If Labour wins, they have said, more taxes, and regulation on banks, therefore smaller dividend, therefore lower SP.
The SP pops up a bit, with any good news, but the long term trend/bias is downwards.
I am no expert, I think the SP went down Friday, because of the fall in house prices, because LLOY holds a lot of mortgages. The pound started to go up about a week ago, because the US implied, "we are coming to the end of the tightening cycle", in other words, US interest rates are not going to go up much more. Everybody was buying dollars, thinking the rates were going to continue rising.
This was at about 150 april 2007, which is when it started to go down on the recomendations of one broker, saying sell, obviously on the "threat" of the credit crunch. The trading statement, which says, profits and turnover will be in line with forcasts. In other words, the credit crunch has not affected this share at all? and, the boss has said the credit crunch has actually helped, and, will help further in the future. Why have the brokers not updated/revalued the buy/sell recomendations, to buy or hold? when they should have? I think they will do that soon. Since there is no negative news with trading statement and in-line with forcasts, then I see no reason whatsoever, why this share should not rebound to around 150, at the very least 130. The central banks are helping the credit crunch, with injecting extra cash, the interest rates have gone down and are expected to go down further, so even if the economy slows a bit, this company is likely to make bigger profits. I think this is a balanced analysis, so everybody, BUY, BUY, BUY to make a good profit. It is probably one of the few shares, on which it is almost impossible to make a loss on in the next 3 months.
I should have bought more at 70 pence, but I did not have the courage.
The results are out. Strong performance. In line with forcasts. And the shares are going down???????????
Does anyone know when the pre-close trading statement will be given?
The moment the interest rate dropped by 0.25% at 12:00 noon, this went up by 1.5p.
But I think the market has over reacted to the credit crunch. I think it will start to rise from now to the end of the year, which at the end of december.