RE: Having Spent a Total of £50,00026 Feb 2021 08:43
FJG.. it's the weight of US money. Dwarfs everything else. Into US Equities on the way up, into US Treasuries ('safe haven' from "riskier" assets) on the way down.
RE: Having Spent a Total of £50,00026 Feb 2021 08:40
FJG.. it's the weight of American money. This dwarfs everything else. So the focus is on US Equities on the way up, and into US Treasuries ('safe haven' from "riskier" assets) on the way down.
Thanks FJG. Been there. Done that. Got the T-shirt.... many a time over 40 years' investing. Have learnt not to try to play with the market's moods. Rather relieved that our portfoio is up 66% since last March. Just sitting and waiting for the Growth-Value rotation to continue. Plenty still to go.
IG Group is withdrawing leveraged bets on hundreds of companies as Britain’s oldest spread-betting firm scrambles to react to the day-trading mania gripping financial markets. It emerged yesterday that IG had decided to stop offering margin trading on 900 shares, including those of some British companies, and had given its customers 30 days to unwind existing positions. The company said it was pulling the leveraged products it had been offering on the stocks as part of efforts to allocate its resources in the face of spiralling demand to play the markets after the GameStop saga in America. Some of the London-listed shares affected include Hikma Pharmaceuticals, Mulberry and Saga.
Well million... won't complain if you turn out to be right... but talk of candlesticks and dancing white men with double bottoms makes me search for an empty room....