RE: 36519 Oct 2023 15:14
Having invested in predominantly the UK market I've lost virtually all faith in UK valuations etc. Companies missing guidance get hammered, companies meeting guidance get hammered and companies exceeding guidance, initially seem to have a positive reaction, but then downturns the next day with no follow through momentum.
Long gone are the days of 'value' investing. The markets these days are so engrossed on the next data figure, be it rate decisions, inflation, GDP, consumer confidence and also data numbers from overseas. I think its safe to say that the US markets will not take into account any UK numbers, yet the UK will rise and fall with whatever the US does .