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Good morning all and a belated Happy 2024 - let's keep our fingers crossed that we are now at the turning point with the markets - I'm sure everyone could do with a break from all the doom and gloom over the last few years and as Mark Miniverni says, in a bear market its hard to make the pennies but a bull market is easy to make the pounds - bring on the bull market.
n - sounds like you're doing well - are you still working?
O - hope you're having an amazing time in Australia - it was snowing here yesterday so I don't blame you for staying on until February - hopefully by the time your back we can start having a decent market.
O - nice to hear from you and hope I'm not too late to wish you all the best for Xmas and that you have a fantastic time in Australia - been meaning to reply to your post sooner but time flies by and I find I get distracted by other things at the moment as I find the market very frustrating at the moment - probably like a lot of people.
Good afternoon all - long time no speak.
I think like the rest of you I've been totally fed up with the markets over the last few months or even years really - if its not one thing its another - let's hope we're starting to see the end of what Bloomberg has been calling a 4 year bear market.
I was interested to hear them say the other day that apparently October was the second worst October in history - with the other one being the height of the financial crisis.
Glad to see there's some success with some trades - lets hope it all continues so I can buy my des res in the sun :-)
Hope everyone's been keeping well.
Good morning all - everything quiet on the western front as they say - I'm mega fed up with the markets at the moment especially after ASOS got hammered yesterday so I hope everyone else is having a better time of things.
O - I can't keep up with all the variety you have in your portfolio - mine is very boring in comparison.
n - I'm so sorry to hear of your losses - it's very hard losing a sibling as you have already experienced - for me it's coming up to a year since I lost my only brother which was triggered by a stroke but he was also found to have had cancer and that's what probably finished him off.
The big C has a lot to answer for - I consider myself to be one of the "lucky ones" in that its now 12 years since I was diagnosed - I still have ongoing physical issues as a result of the disease/surgery but having something like that does help you put life into perspective and makes you enjoy what you have a lot more.
On a positive note (if there can be one in these circumstances) they do say both bad/good news runs in 3's so you've got your bad news all done and dusted and now hopefully you can have some good.
I don't think many people are posting here these days because the markets have been so bad over the last couple of years so maybe people aren't as glued to their screens as they once were - even I've been tempted to give things a break and come back when things pick up but in fairness I've done reasonably OK over the last couple of months even if the trading is at a much reduced rate.
I hope the market starts turning more positive soon - as people on here may already know, I follow Mark Minniverni on his twitter account and how he covers the current market conditions is that it's hard work at the moment to make pennies but its not that far off before the easy money comes and you can start earning the pounds.
Good morning all.
O - I've been watching Bloomberg this morning and some of the analysts are saying that "the market" is on a seek and destroy mode to try and force the fed to stop hiking interest rates. According to some calculations, the impact that the markets actions will have on the economy going forward is effectively a 1.5% increase in rates based on the fact that banks will start restricting lending to protect their balance sheets.
N - Luckily I sold out of FRC yesterday at $47 so I was quite happy with that - went and used the money to buy ASOS at £8.60 though - duh!
It feels to me that today is "capitulation day" - just from the feel of the markets and watching some of the comments on Bloomberg following the budget and what's going on in the States with the Banks. They have been saying that inflation has peaked in the UK which should bode well for our markets if there's light at the end of the tunnel with interest rate rises etc, and some of the analysts in the States are saying they reckon that the Fed won't be able to rise interest rates any further because of what's going on with the regional banks.
Apparently "the market has spoken"(which always makes me laugh) in respect of what "it" thinks of having more interest rate rises, and someone was also saying that inflation over in the States is drifting down naturally anyway. A former Fed Reserve chairman is on Bloomberg now saying that they should pause interest rate rises.
Fingers crossed that we start to get a decent market to trade - lost count of how many times I've said that over the last couple of years!
Good morning all.
N - my OCDO, CCL and ASC holdings have suffered a bit but I did a cheeky trade on FRC yesterday - bought at $21 and held my breath - doing OK on that at the moment and hopefully things will settle today - CPI figures out in the States today so fingers crossed we have some good news on that.
Hope everyone is keeping well.
V - Glad to see that you're still around - markets have certainly been trying over the past couple of years but hopefully things will start to improve shortly. I'm mainly trading ASC, CCL and OCDO at the minute as there's quite nice swings in their share prices so can be quite profitable.
Hope everyone else is doing/keeping well.
Good morning all - I can't believe we're near the end of January already - hope everyone is keeping well.
Thought I'd just post quick bit of information I have just picked up on Bloomberg which may help your strategies/portfolios soon - the chief European economist has just said that they are forecasting inflation to have dropped to 3% by the end of the year and that they are now ruling out the prospect of a recession. Hopefully as things start to filter through we may start getting more volumes/volatility/share price rises in the short term.
Good morning and a Happy New Year to all - let's hope that its a better one this year.
N - I've given my portfolio a review from last year as well - only one word to use - crap in terms of monetary values but will come good if prices rise as I've managed to increase my holdings in a few of the companies I'm invested in.
Still a lot of doom and gloom around with cost of living crisis, interest rate rises, inflation, recession everywhere and the Ukraine war but there may be chinks of light - Spains inflation figures came out on Friday and they had dropped significantly.
I was watching Bloomberg in the week where they have various commentators being interviewed about where they see the markets in the year ahead and the only thing I can say is that views were fairly mixed about how long its going to take things to turn around - anything from 3 months to the whole year - one contributors comments I found interesting though was that they had a very good year last year as they were shorting everything but will be starting to close the shorts in the first quarter - hope that's going to be replicated and we start to see a rising market again.
Just in case anyone is interested in this, I have Amazon Prime and had an offer for 2 free audible books - out of curiosity I checked and could download one of Mark Miniverni's - Mindset, Secrets of Winning - good book to read/listen to as its surprising how much the mind can play games in the investing/trading life - didn't fancy Harry's book that I could also download!
Good morning from a wet, miserable South Wales.
Oh well, Xmas this week and then onto 2023 - let's hope that its a better year on the markets than the last two have been but really I suppose as long as everyone has good health and happiness then those are the important things in life.
I hope everyone has an amazing Xmas and New Year with friends and family - best wishes.
Good morning all - I can't believe we're in the last week in November already and I wonder if we will have a Santa rally this year - certainly with all the doom and gloom in the press/news it would appear that we won't and probably like me, a lot of people will be glad to see the back of 2022 and hope that 2023 is an improvement - I'm certainly hoping that is the case as I have a milestone birthday next year and I really want to be able to celebrate it.
I notice that inflation figures for the UK are out on Wednesday (I think) and the viewpoint is that we may well have seen the peak - fingers crossed that is the case. Black Friday seemed to have gone well for retail but that seems to have been cancelled out by the unrest in China - it seems if its not one thing its another.
I hope everyone is keeping well - O - if you haven't already gone, I hope you have a fabulous holiday.
Good afternoon all - hope everyone is keeping well.
O - when you off to India now? I bet you're looking forward to it.
I've just come back from my holly bobbles - well needed break and am now catching up on what's been happening while I was away. It will be interesting to see if we are now at the start of a turnaround in the market - some commentators that I've been following reckon the bottom is in, and of course Bloomberg did say that the bear market would come to an end on or around the 19 October - maybe once our own inflation figures come out next week we will have a better idea but I have looked at a few of the shares that I follow - ASC, OCDO, WIZZ and THG just to name but a few and they all hit a bottom just around the 19th - whether it is "the" bottom remains to be seen - I think its a bit difficult to tell because there still doesn't seem to be much volume.
Interesting the a two year recession is being heavily pushed by the media - I can see that we will probably have a tough 12 months and then hopefully things will start turning around which will conveniently be just at the point of the next election where the government can proclaim "look, a 2 year recession was forecast, but because of our good governance we came out of it 12 months ahead of schedule" - can just see it happening.
It's back to being up bright and early again just to see if volatility /volume comes back - hope peoples portfolios are a bit healthier with the last couple of days of positive movement.
Good afternoon all - hope everyone is keeping well.
I expect many of you have noticed the significant rises the last couple of days on some of the shares that have been heavily shorted - BOO, ASC, THG, WIZZ to name but a few - I think the shorts are starting to close out as the economic data that I'm reading about is starting to turn more positive - apparently European gas prices have dropped below €100 for the first time since June mainly due to the mild weather we are having and the fact that storage facilities are full - Putin must be starting to get a bit poorer seeing as the supplies haven't come from him.
In addition, I read that whilst China markets sold off at the start of the week, apparently its a good sign as covid restrictions are starting to come to an end there so supply chain issues etc are easing.
Fingers crossed that with "adults in charge" of the country/economy we can start to move forward - the market seems to have responded positively to Sunaks appointment which coincided with the $ also dropping so hopefully we can have a good end to the year - maybe the UK can be considered investable in again.
Good morning all - hope everyone is OK and hope that N has recovered from covid.
So will this week be the turning point for the markets? Interesting week ahead - is the press conference by Jeremy Hunt later to say that Liz Truss is stepping down? (we can all live in hope), are the inflation figures out on Wednesday going to be good/a lot lower and give fund managers the confidence to start buying into the market, third quarter earnings starting apace in the States - will the forward looking statements turn the US markets around, and finally, its the 19th this week when according to Bloomberg is the date that the bear market ends.
I don't know about anyone else, but I think we all deserve a nice run up to end the year - there are bargains to be had at the minute and if the shares are easy to trade on spikes and shakes, with such low prices a very profitable end of year could be had if things do turn around.
Good luck all.
Good morning all - hope everyone is OK.
Just thought I'd share with you some of the headlines I noticed over the weekend - I know I'm an eternal optimist, and that there's still a lot of uncertainty in respect of Putin, but everything good comes to he who waits and I've waited long enough for the markets to turn which will be very soon hopefully.
Anyway, one of the headlines was on Bloomberg - can't access the full article as I don't subscribe, but basically it was saying that retailers should expect a "revenge" Xmas as there's been so much doom and gloom that people will just want to enjoy themselves this Xmas. A second article on CNBC was saying that shipping costs have dropped dramatically so that should filter through to businesses too.
Finally something posted on twitter (I know!) says that "major market bottoms have occurred in October more than any other month since 1932 - shows a graph for each month of the year and October wins hands down with 9, then there's March with 5 with the other months being between 1-3 - just some more useless information.