Member Info for JohnLewis79

Well, well, well, the boy gawn dun it! In a stunning reversal in Tory fortunes taking Lab held constituencies that had never voted Tory the electorate rejected the fantasy policies of a divided Labour Party whose message never registered in their traditional heartlands. In Wales for instance the Tories gained 6 seats taking Wrexham that had never seen a Tory much less elect one!

For goodness sake mining communities sending a Tory to Westminster? Unbelievable, unimagineable, unheard of and yet it happened. London remained solidly Labour so no change there but the scope of Tory gains predicted to be over 80 seats as early as 11pm proved spot on.

Much needs doing especially in some of the new seats and as someone once said " defending a big majority is harder than a small one" Boris better get it right for all these 'pro Blue' votes are on loan only.

I shall be taking a sabbatical shortly from my early morning posts on the mrkts. I have done them long enough from my G days 5 years ago. I repeat myself too often, I will post the nos ex commentary.......

..... Anyways let's hope that come the NY this damn trade saga with China will be finally resolved. Chump says they are very close to signing but that could mean, well who knows? This year next year sometime never?

A Chrissy bonus would be nice the markets liked what Trump tweeted and duly headed upwards, the 30 rising 120 with the 500 and techs in the Dows slipstream to record highs.
The trade news reports said US negotiators are offering to cancel new tariffs and reduce existing levies by up to 50% on $360bn worth of imports to facilitate an agreement.
To date little response from China.
While the trade haggling continued the business of trading continued. Tech
stocks Cisco & Western Digital led the risers with oils and banks attracting buyers. Boeing as per...... props up the losers off $4 to $346 not helped by FAA reports that over its expected service flight time (45 yrs) it would be involved in 15 fatal crashes.
GE a rare big board gainer put on 4% on broker comment as did Starbucks to $88. However Wallgreen Boots the 'Dog of the Dow" fell another 1% to $56, was $80+ earlier this year and like Netflix down $2 ($296) has a 'Don't touch tag'.

Economy news was in short supply the jobless claims jumped 49,000 to 252,000 last week the highest since 2017 though seasonal factors was attributable.
At close the Dow up 220, the 500 up 27 and the Nsdq gained 63 only the Dow shy of record closes on a trade deal being hammered out.

In the Far East stocks surged on phase-one China- US deal and the Tory GE victory. The Nikkei is 624 ahead, the Hang Seng +576 & SHCOMP 43 better. Other Pan Pacifics are also better this morning.

The nos:- Oil $64.61.
Gold $1472. Palm $734.
Vix 13.9. $1.347.€ 1.206.
PI 7547. FP 7703. FF +12.
DF +133.
Morning all.

carapa TULL sp continues its recovery from oversold lows albeit, as was G when it hit sub 70 backaways. G gets a an unwelcome rns and tanked 12 at one point while TULL with massive debt problems attracts buyers, probably of the 'here now & gone tomorrow' type. Fair enough that's the play nowadays, trade the moves, don't hold whatever you do or a mix of both as several here have opined.
My stock fell 6 on a £3400 trade
how nuts is that?
Sods law I ain't got the wherewithall to take advantage...ain't it always the same ffs! Oh well I hope I wake up to a bright blue morning and I never have to hear Corbins name again.....ever!
Evening all G men.

REA the only palmer to lose ground albeit of no consequence. Anglo and Mpe both rising on the back of cpo adding $12 as to why that's a mystery to palm stock watchers.

REA cont to lose ground v the value ratio to palm now out to 4.34x. It's just a snapshot in time and REA could surge a penny tomorrow on a Tory victory....ok thats a non starter I know but ya never know...do ya?

If I had to place a bet REA would be headed lower. No factual analysis to back that up, just good ol' fashioned gut feelings.
Ever get those?

I doubt I will be awake to see Booooris crowned having over- stayed my welcome at my local.
So fingers crossed the Blues are returned for another 5 years and i wake up to a bright blue morning!

A couple of nothing sells sends the sp 6 lower. That's a good thing. I was hoping more like 155 to beg borrow or steal me some cash to buy some more.
Not gonna happen this year but holders keep your eyes peeled.

Some small lot selling sends the sp lower, probably a good thing, though I sure would not act on a jobbers price. After all why follow the CPO price which rose to $730? Time will tell on the relationship between cpo prices and sp's, which to good effect mask the underlying facts that they are pretty much divorced from reality.
There are numerous examples over the years where the commodity price bears no resemblance to the market price.
Sometimes in buyers favour sometimes the sellers.
Shares dependent on commodity prices always carry an extra risk
which are rarely priced in given the hundreds of other opportunities in the market. Our job is to factor, is it a buy, a sell or a swerve?
Palm is at worst a hold imo.

Tull recovered (a bit) from recent RNS shocker so will G. I'd be back in if I had spare. I think some pis will be thinking is this delay the start of back to the old days of 'iou's' G holders suffered years ago. It's a concern for sure and certainly not what investors want to hear. Guess i made a good decision to cut my losses and move on. But the old itch is still with me....

£367bn to be wiped off stocks and av pension pots could lose as much as £12,000 by 2030 from Commissars share seizure and workers would only get £1 in every £10 of dividends under a Lab Govt stealth plan to seize 10% of shares in ftse 350 companies. This would snatch £237bn from holders and decimate pension savers nest eggs.

Investors would flee Britain in their droves.
Sterling forecast to slump to $1.22 slamming living standards. Economic output would fall as much as 3% over time.
Britain would become one of the highest taxed in the world just what the Marxists want. Who on earth in their right mind would vote for that?

Of course some say it would be a good thing to have a Marxist led Govt as they would so royally screw everything up that the Tories would be swept to power next time around and Labour would be consigned to history never to return.
Well, no! They did that last time and heh presto here they are... again sprouting economic drivel that would certainly drag us into economic disaster.
A party hall bent on fantasy economics, Govt control over the private sector who are to be bled dry and Labour wish lists all paid for by corporation taxes.
God help us if the voters put that music hall pair of dreamers anywhere No 10!

Not sure why obelisk thinks it's good news? Bet he wouldn't think that if his monthly wage was delayed by a day let alone a couple of months!
Strange after a couple of strong presentations by G, out of the blue????......you get this rns. Do I smell porky pies?

Morning devonp...I've learnt something this morning. However am not in the position to do much about it thanx to a disaster a year or so ago, in fact a total wipe out which left me a step away from the local knackers yard. Now where did I stash dem gold coins?....

If your into Gold as a safe haven in times of trouble buy the 'physical' not the 'paper' (EFTs) which are convenient for sure but when fear and loathing grips markets best you have dem gold bars under the floorboards than the paper.
Have you ever heard of
Rehypothication? No. Nor me that's for sure. Apparently it's the practice by Banks and Brokers of using for their purposes assets posted as collateral by clients.

I'm a beginner when it comes to investing in Gold. I mean it doesn't produce anything it just sits there.
Whatever I'm showing my ignorance but surely Gold and Banks are not comfy bedfellows. For is not the point of owning Gold is to have wealth outside of the financial system?

Post Klassic, heh heh heh... I was looking at asset class gains in the US this year and was surprised to see oil (WTI) topping the list at c.30%.... until I checked WTI started at $46,.....but i'da put money on techs as top dog. G now just 10 up on the year. Undeserving, incredulous, do I smell a rat?
I hope this time tomorrow we will see a small relief rally if Bozo gets a workable majority. If not oh effing hell! Gluck all.

Dec 2018 was a shocker for US markets the Dow lost 2210, 1400 of those just before Christmas close. Nothing like that will happen this Dec outside of a 'Black Swan' event. And for the first time in many a year every asset class will be in the black by 2019 year end led by oil at c.30%.

US markets have tended lower all morning and at 12.00 mid day EST the 30 was off 52 pulled down by Boeing and Home Depot.
About 45 of the Dows fall was due to an early $5 fall in Boeing stock ($342) when the FAA confirmed the MaxJet would stay grounded in 2019.

In more bad news for the no-good-news-stock the WSJ reported that FAA regulators knew of the risks to the MaxJet but decided to let the planes fly regardless and we know what happened next two catastrophic crashes. This is an astonishing claim by the WSJ and if factually correct the FAA & Boeing have to rebutt or concede the story is true. Questions need answering. At close Boeing added $2 ($350). However bad the publicity Boeing keeps bouncing back.

Tesla jumped $7 ($355) on production increases of its electric car to China, just 4 months ago Tesla stock was $215. Netflix bounced $4 higher ($297).
United Tech, J&J & Apple led the risers, Home Depot off $4 ($212) propped up the losers. Financials and Real Estate were the worst sectors, IT and Healthcare the best today.

Inflation is running at 2% the economy growing at 2% so the Fed needs to do little and duly said rates would be on hold throughout 2020. The economy is better than the media think. Crude up 14c ($58.90) and the 10yr t/bill yields c.1.80%.
The market is convinced that the Dec15 deadline will pass in true Trumpian fashion (even the doesn't know) and the talks will linger on into 2020 which suits Donald just fine.

Stocks moved higher in a half hearted manner during afternoon trading to within 1% of recent highs, at close the Dow up 29 (27911), S&P +9 (3141) & Nsdq gained 38 (8654).
Vols on NYSE were well down on the daily av turnover.

Stocks up in TK (71), HK (335) but down in SH (4) following the priced in no move on rates call through 2020, a very dovish stance by the Fed. Other bourses in Asia, S.Korea, Taiwan & Singapore were 1% ahead.
China will announce some details on its 2020 economic strategy later today especially on growth poverty & pollution. The full report wont be released till March.

The nos:- Oil $64.00.
Gold $1479. Palm $722.
Vix 15. $1.322. € 1.186.
PI 7514. FP 7801. FF+13
DF +30.
Morning all.
Go Blues!

First confirmed result at around 11.00pm is likely to be Workington a forever Labour stronghold but this time targeted by the Tories.
Workington won last time by c.3900 votes their MP voted to remain which has probably cooked her goose as the constituency voted 61% to leave.
A 5% swing from the 2017 GE will see the Blues in and the first Tory gain.

Jobbers not making it easy for investors to "come on and buy"...
Most will sensibly await Thursdays result and if the Blues get a half decent majority say c.25 ish we could see some 'relief' buying in London.

If nothing else the bloody Brexit debate will be dead and buried and off the front pages forever. For sure talks about deals will go on in dark smoke filled back rooms, but no longer in people's consciousness and three cheers for that!

I have not prepared any posts for a Labour win they would not get past the scruitinier. The Tory one will be easy.

***** *** *** ****

250 is being hammered down 270 atm. More UK centric than the big O'seas earners among the 100. Could be investors are being prudent thinking were headed to no overall majority territory which would be only marginally better than Corbin in No 10. Don't blame anyone selling now as it's too close to call.

Sure have bunks. Latest punt 3s on no overall majority taken while slightly the worse for wear.
Think I had another bet on nos of seats majority for the Blues which looks out of the money and Palace to win Prem.. just kiddin'....heh heh heh!!

That's a shame bunks I was looking for an invite round yours!
C'mon you old tightwad splash out some of your G gains on us poor wretches!

If there's one name in Christendom that raises my blood pressure its Jeremy Corbin. A most untrustworthy devious individual imo and he bloody shuffles!
At least with Booooris you get a happy go lucky individual who shows his feelings and leaves you in no doubt as to his motives and aspirations. I don't have to second guess Boris!
With the other man I haven't a clue apart from his secretive dour presence would you shake on a deal with him? And that's not just me. His own Shadow Health Sec
rates him little higher than the s**t on his shoes. He spent the rest of the day on various media outlets saying it was a bit of harmless 'joshing' between mates. Yea right!