Hi Troj, all. Yes probably - but probably not today - US & UK futures up 1%. Even the £ has recovered overnight losses. Oil up as well, and gold down. I don't know what is now firing up the risk takers with confidence but while they drive the market, I will switch to the risk side - this surely won't last but it's in it's second day now.
Yeah but it implies a continuous facility for a continuous need and I did warn everyone last time. Share profligates will be all over this today, and the big firms won't need to hire shorters, they hyenas and vultures will descend all by themselves.
RE: 2 of 3 Brokers say Strong Buy07 Aug 2019 05:12
High PT - this is a good company and all, but you seem a little lonely on here ? Thought I'd better come and say despite the fall that seems to be happening at the moment in world markets I totally endorse your confidence and always look to this one when the FT100 is happy. Just not happy a the moment and Brexit is a big reason and could hurt this short term. However, hang in there because you are backing a winner.
Hi Lanie, rough night, having a coffee to revive myself.... I'm going to defend myself by saying I called the bounce, but I thought the plunge would re-start before 8am. US stocks held on, but futures now down. Oil down. Gold up. Asia did not really join in. Dax and Cac futures up - but woeful (literally) FT futures down. I'm calling EW3 strikes today, and strikes hardest on the FT100. Sometimes when you get an EW5 it's just the EW1 of a much bigger correction. I think this EW5 should take us back to the June lows, but if that's 1 of a bigger 5 then the Dec lows are back in play. Where will gold be then ? Where will the FT100 be then ? This year's rally has been about the US feeding out money, and yet that is not being invested...
Taking stock (as it were), US and BRICs having a bounce - a dead cat I suspect - EW2 - but we didn't get much above break even on the FT100. Gold storming, oil flowing away, I wouldn't want to be holding funds in US or EM stocks this evening, I can't see a happy ending. Maybe wrong.
UK futures down 1%, eurostoxx 2% gold off last night's spike but still up, oil off it's low, £ still lower... Indians, Aussies and Russians not down too badly...Brazil up... A day to be short - but hard to judge timing.
DJI dropped 2% on Trump tweet - be interesting to see how the FT100 does tomorrow. Trump & Smith, two blokes who just keep getting in the way, and succeed in provoking very un-British responses from us which just make us look undignified. So they win ? and will carry on being provocative. I think gold's taking off and not coming back until the madman has left the asylum. At least we got Smith out. Load up one and all, "there's a storm coming in..... I know"
Its a slow one but it will get there. Share profligates and their kin don't like SS at all but for me its been a sensible thing to keep the trickle of oil coming and build gradually. There is a bit of oil flowing and it will flow for as long as we need oil, but IMHO the bashers won't be hushed by today. Such a shame. So important a self isolated Britain makes the most of its natural assets and gets behind ventures like this and SXX. As usual, worthless parasitic press will bite it to bits and that - not the EU - is why we are where we are. Lament over.