Member Info for JohnLewis79

Ooops...half days dont count...heh heh heh...your on the ball ocelot!

I'll skip 2008 as we all know what a bummer that turned out to be...in fact the second worst year for stocks since 1929 and a 25% fall in sterling hitting invstrs with a double whammy. The collapse of Lehman in Sept sent the ftse into a tailspin recording its worst % days fall in Oct when it lost 9% and 21% on the week. The ftse closed 2008 down 31% when it had to cope with the recapitalisation of 3 banks, cutting rates to 2%, crude hitting $147, £4bn RI from HBOS and Northern Rock being nationalised. So 2009 was going to be a stellar recovery year for stocks and mrkts? Stellar no.... but a recovery yes. The openning nos Jan 2, 2009. Ftse 4434 A/S 2209 DJ 8776 S&P 903 NSDQ 1577 TK 8860 HK 14387 Oil $46

Today's action will close Dec and a pretty awful year for world mrkts. Jan 2 will see mrkts reopen for business. Last year Jan ending nos looked like this:- Ftse 7534 (-154) All 4138 (-84) 250 20244 (-482) Aim 1050 (+19) DJ 26149 (+1430) S&P 2824 (+50) Nsdq 7412 (+509) Oil $68.37 (+$2) £$ 1.418 Coin $9956 (-$3906) Gold $1341 (+$40) Genel 132 (+24)

I concur 100% with JFTs comments on Murat and G in general so will refrain from putting my two pence worth in. Strange no-one is interested in buying an o....lie for damn near its cash balance that must be a first....... well as long as I can remember!

Another volatile day of choppy up and down lurches saw the Dow end the session up 261 (23138) having been 611 lower at 2.00pm. Both the 500 and techs saw similar price action to end in the blue column. Light vols and computer driven trading has been largely blamed for the terrible Dec mrkt performance putting the Nsdq into 'bear' territory and the 30 & 500 in 'correction' mode. Trade talks are set to resume on Jan 7 buoyed sentiment and the mrkt needs to see a solid few days of gains, better vols and breadth before anyone dares call this the 'bottom'. Single day rallies like yesterdays are par for the course and are often soon forgotten. At the close the 500 had added 21 (2489) & the Nsdq 25 to (6579). Earlier London tumbled 101 on falls in resource and energy stocks (the ftse is populated with many of these) & on news that China industrial production declined for the first time in 3 years in Nov. Not helping sentiment a poll of 700 business leaders saw confidence at a 18 month low. The background remains cloudy and feverish. At the close the ftse was (6585) the All down 52 (3597) & 250 off 222 to (17090). In Asia TK is closed and HK & SH are quiet in directionless trade. The nos: Oil $53.82. Gold $1281. Coin $3594. £$ 1.266. £€ 1.105. FF +67. DF -30. Morning all.

Oil off $2, ftse down 52, G down, Dow futures off 400...some effn things never change...

No longer bunks...

Prior to yesterdays rip roaring Dow charge upwards (1086) the 30 was down 3746 in Dec (c.15%). Many have questioned the legitimacy of the sell off as more fear and herd based rather than on the strength of the economy and was seriously oversold.... ...No doubt investors were buying the 'nos' and dip buyers were out in force as holiday sales tempted consumers to bargain hunt pushing the sector up 6%. Crude rallied $3+, Chevron up 6% & Exxon up 5% and many big board stocks rose by similar %s. The 500 added 117, the Nsdq +361 & R2000 gained 63 all 5%+. Who knows whether this is a classic bear trap and mrkts will resume the downward trend on global debt, rates, China trade etc..In these crazy mrkts planning your strategy for 2019 is almost impossible lest your taking a long term view. Personally I'd stay clear I see no need to rush back in. Currently the Dow ytd is down 1841 or 7% so comparisons with 'depression era' mrkts look wide of the mark. The ftse ytd down 1002 (13%) & UK focussed 250 off 3414 (16%). The Nikkei has followed the Streets upward surge by putting on 843 helped by crude futures up 8% and that prices will stabilize in '19. HK & SH are not buying the story up just 81 & 5. The nos: Oil $ 54.42. Gold$ 1271. £$ 1.265. £€ 1.112. Coin $3722. $Y 6.891. MSC1 448. Vix 30. FF +125 & DF + 58. Morning all.

OP $54.33 (+82c). Asia mixed in quiet trading, HK off 100, SH up 4 TK closed. London called 40 lower on half day trading and will reopen on the 27th. Have a good Xmas with family and friends and let's hope that '19 turns out better than the doomsayers predict.

Saudis must be spitting blood having kowtowed to Donald tanking the price to damn nearly sub $50. They thought they could 'manage' the price in the $70-$80 range. The Kingdom need $80+ to balance their books though some say Saudi could muddle through on $50 relying on $ reserves and sub $10 lifting costs to keep the populace on side and finance the war in Yemen for many years. However Aramco wouldn't get off the runway at $50 and is in the long stay car park for the foreseeable. Leads me to think next round of cuts will be more than the 1m causing a spike in oil in Q1 2019. The last time the OP was in the $80-85 range (early Oct'18) G trading range was c.220-245. By Nov close the OP had fallen to $59 a fall of about 27% while G had fallen 55 from Oct high down (22%). However the December fall has been more precipitous for G, down 31(16%) while oil has fallen $5 (8%). Boyo can interpret those nos better than me but the inescapable conclusion is G needs $70+ and soon else were stuck here sub 200.

Hasiba...your faith in the LSE is obviously a lot stronger than mine. While I don't hold stock here telling holders at 500 /400/300/ 200, that it's mrkt turmoil & all will come out in the wash or that bigest load of ollox ' value will out' etc.. yea effn when? I been waiting since 1000..... doesnt cut it for me...at all. I don't think the mrkts are functioning properly, infested as they are by others who have zero interest in a Cos progress and see an opportunity to trash the sp to zero...(ultimate aim) and earning at long termers expense. We all know it's a casino where the dodgy dealer deals seconds and palm cards to his mates. So I ask you, are you happy to invest thousands of your hard earned to these card sharps where your cash is no more than an ante in a poker game and gets flipped thousands a time a minute?

Check G in 2019...I very much doubt things will improve. Year End should be stellar but as ever noones watching or much bothered. If the OP continues South of $50 or $50-55 through Q1 goodness knows where the sp will be? No doubt there will be much gnashing of teeth and consternation and I will be very happy I'm out of this oil scam and holding a blood scam not buffeted by the bloody LSE.

JFT...its the 'Toadstool' effect, keep the buggers in the dark!!

Santa is on the downhill slope he's given up on the ski lift for another try. Dow futures are well off earlier highs, now called up 75 which means zilch and likely to attract more selling. Glad I have no exposure to the unpredictability of equities, oil or otherwise...heading into the New Year which looks very dicey. I have yet to read any positives, no doubt some 'houses' will talk up '19 prospects but..... really? Cash is king in these trying times. So if you have any spend it wisely or practise some 'masterly inactivity'

Down 12% this week and 16% ytd. Will have a huge impact on Saudi finances unless.....

$53.21.

Just another of many jumping off a sinking ship presidency. Trumps don't talk about how great, super the stock mrkt is nowdays.... does he!

The Police should call on Flirty Bertie a stalwart drinker in my local and a shooting champion at Bisley for many years to get his rifle and shoot the bloody thing down. He didnt become a firearm champ by missing targets. Stray bullets? Cobblers!

DNO snaps up 6.2m more shares in Faroe taking it to 29.9% of outstanding. Faroe has once again insisted the all share cash offer (152) is too low.

Oil price slump (36%) last 3 months eases fears of a rise in UK rates keeping them at 0.75%. Global trade worries and Eurozone weakness confirmed the bearish outlook. While the oil mrkt grapples with the prospect of a supply glut and falling demand, falling prices will ease the cost of living and keep inflation in check to c.2% the BOEs target. Not good news for o...lies or those with significant debts to service. The 350 OG fell 131 to (8301) down.c.8% ytd. The sell off in US mrkts in Dec became the worst since the Great Depression and global stocks are at a 20 month lows with European mrkts at a 2 yr low. The global financial system has racked up c.$12 trillion of debt and highly leveraged to borrowing costs. Powell insists he will cont to shrink the Fed's balance sheet by c.$50bn a month and plans for two more rate rises in 2019. Red alerts are flashing for a recession within months, the yield on 30 year Treasuries below 3% and US mrkts a whisker away from bear territory and the cost of borrowing (3 month Libor) rates have doubled to 2.87% leading to a credit crunch in emerging mrkts. Commentators accuse the Fed of over-tightening causing a violent dive in liquidity. The ECB is also cutting stimulus (QE) at a time when Italy and Germany have a foot in recession hardly good timing. Seems both institutions are ignoring indicators of more trouble ahead.