The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Good morning - I was going to say "all" again but I think there's only myself and O left here.
Not sure what's going to happen on the markets today - according to Bloomberg with the latest GDP figures out they think we are going to narrowly miss a recession - not sure how retailers will do today as it seems consumers aren't out spending -probably too worried about covering essential bills - futures 1.72% down and US futures down too and bitcoin being hammered.
To keep things ticking over I've been having a go at trading ROKU intra day in the states - yesterday I managed $6 gain and the day before $5 - can't believe they've dropped from $490 ish to $80 ish.
At least the sun is shining today - hope everyone has a good day.
O - you're not far wrong there - what I forgot to say though is that the $17 billion loss has been incurred in just 4 months so it goes to show how dramatic the falls have been. Also, apparently the US stock market is having its worst year in 60 so far - just goes to show how much the market was being propped up by the Fed.
Good morning all - weather really miserable today.
O - sounds like that annual pass is a bargain - got to be done.
For those of us that are fed up with the markets, and saddened by the look of their portfolio, take comfort in the fact that even the "professionals" get it wrong - I read that a US hedge fund - Tiger Global - have lost $17 billion due to the rout in the tech market which equates to two thirds of the profits its made since its inception in 2001.
Hope everyone is OK.
Good morning all - bit dull and wet here today which for a change isn't matching the market - looks like a positive day today - apparently because the oil price is coming down which will impact on inflation - apparently the CPI figures are out in the States tomorrow and if they're right, and inflation peaked last month, then maybe we can have 2 good days in a row - would make a welcome change.
Hope everyone has a better day today if trading.
Good morning all - nice weather wise here today - forecast is looking good for the next week or so which is good - I think time spent in the garden for a while is going to be better time spent than looking at the screen.
I've been watching Bloomberg and they've been saying that the current bear market will end on 19/10 - there was an article printed in market watch the other day which explained that bear markets on average last for 279 days and this is why this date has been calculated - I think from highs seen in November last year - maybe a magic wand will have been waved by then to have eradicated all the other issues.
Hope everyone is OK.
Good morning all - nice weather here and forecast to be the same for the next week or so which will be nice.
O - you must be so proud of that achievement - well done. It is a shame that there's fraudulent things being done in the name of raising funds for Ukraine but I suppose the unscrupulous will find opportunity wherever there are difficulties - look at the people ripping of the government/taxpayer following covid!
I think the current market is bizarre as well - not enjoyable even though I managed a nice trade on OCDO yesterday afternoon - bought back at £8.40 odd so 80p cheaper than when I sold but it's no fun really - everything is so doom and gloom at the minute which really brings the mood down.
Hope everyone has a good day and that nice plans are in place for the weekend.
Good morning all - weather quite nice here today - looks like the markets will be kind as well.
Apparently the FED's pushback against a 0.75% rate rise in the future is what drove the rises in US markets last night but I think the jury is still out about whether the bottom has been hit - there's still a lot of bumps in the road but apparently, and I'm not sure if they've misquoted the figures here, but Next retail sales were up 285% in Q1 - perhaps I should have bought ASC instead of OCDO yesterday.
N - in fairness I think the majority of people didn't see this coming in the markets - what we are experiencing now is what I was expecting during covid and not after so the strong rebound when vaccines were given the go ahead looking back was only a dead cat bounce. I think C called it right last year though as he sold out probably just before the markets started going down.
Fingers crossed for a long needed good day today - good luck all.
O - there certainly is a long list of things to overcome before the market can turn around - maybe with the FED meeting today things may start to change - I've just bought OCDO again - not sure whether its the right thing as there doesn't seem to be a bounce at the minute - time will tell I suppose.
Good morning all - bit miserable here weather wise so I suppose that matches the weather - been quiet on here - I was AWOL yesterday as it was the funeral.
Looks like BOO results were pretty bad this morning with the share price reacting accordingly - I suppose its a good example of why you shouldn't fall in love with a share - same as ASC really at £50 odd - I wonder if we will have the traditional "sell in May and go away" or whether the reverse is going to happen this year - some feel that the US market is near the bottom but I'm not sure what's going to stimulate some shares here like OCDO - suppose its going to be signs of inflation coming down.
Hope everyone's OK.
Bloomberg update - the same reporter is talking about China "tech" - thinks that hit the bottom this week and has recovered three weeks of losses in one day - says he thinks he should bode well for other tech globally - fingers crossed anyway.
Good morning all - Friday already - where does the week go. I'm off to Barrybados today - not the best day to take off by the looks of things as things could start to get interesting on the markets.
It will be interesting to see how the market does going forward now - according to Bloomberg last night the markets had their best day yesterday for 7 weeks - all the uncertainty in respect of the Ukraine war, lockdowns in China, inflation etc, etc, etc seem to have been "priced in" and that the market should start to move past that now given all the results out from varying companies this week - Amazon disappointed for the first time in something like 8 years but Apple did OK - Hood were interesting in their comments about how much less trading had been done on their platform in the last three months - volume really dropped.
The analyst on Bloomberg that was saying about covid is now saying that he thinks that the US market entered a bear market at the end of last year and he can see it continuing for most of this year in respect of the FAANGS and Tesla anyway - saying that those companies have been way over priced (propped up by the Fed probably) and their prices do need to come down further so hopefully that's good news for other share prices/markets.
O - the cynic in me says that OCDO share price was dropped deliberately low yesterday ( not that I minded because I picked up a few) but there seems to have been a bit of a rush to get an order filled given the news about rules in respect of transport of food or something are being extended until the end of 2023 - I wouldn't be surprised if someone like Odey (Boris' mate) was tipped the wink before the news came out - the chat forum is reckoning there were big sales, I reckon they were big buys!
Good luck everyone - let's hope from next week the markets do improve.
Good morning all - looks like quite a nice start to the day here today - let's hope the market follows the weather today.
O - well done on your ISA - given the current climate that is quite an achievement - the one thing that is keeping me going at the moment is the fact that while the share prices are so low, being able to accumulate now will pay dividends big time when the turnaround comes - its just when is that going to happen - how long is a piece of string I suppose.
Hope everyone is keeping well.
O - I can't concentrate on more than a couple of shares at a time, and if I'm being honest, I prefer to just trade one as I can really focus on the spikes and shakes and act/react because I'm sort of glued to what's happening. You can always sell on a spike and just buy back the shares at a lower price and pocket the difference as I was mentioning to N earlier.
I see the Nasdaq is down nearly 4% tonight, with S&P over 3% down and DOW over 2% down - makes a change seeing those markets suffer more than the UK ones but I wouldn't be surprised if we had a bit of a bounce tomorrow. Robin Hood have just announced they are cutting 9% of full time employees and one of the reporters is saying they think its down to the fact that bitcoin hasn't been doing so well - also saying that since people have returned to work that there's less trading going on with the meme stocks - hooray - I didn't like the way that those shares were being pumped.
Fingers crossed for tomorrow - Alphabet (Google) missed targets so maybe it won't be a good day tomorrow - its like give us a break!
N - O and myself pipped you to the post - we both posted just after 16.00 this afternoon. Although it can be painful, selling at a loss is not always a bad idea and the fact that the share prices have dropped again today means you can buy back what you sold yesterday for a bit cheaper and pocket the difference so not all bad. I'm really hoping today is capitulation though.
Good afternoon all - been MIA all day and come back to see some quite significant drops in some shares and the US markets selling off - I wonder if this is the "capitulation point" that we've been building up to - I really hope it is but my thinking behind what I'm saying is that a lot of big companies are reporting earnings in the States this week - maybe the hedge funds/shorts are milking it while they can.
I've had quite an interesting day (not) - got up at 6.00 am to take my friends to Bristol Airport - they are going to Tenerife and have rented an apartment in my old complex which I hope they enjoy - anyway, dropped them off just after 8.00 for a flight at 10.15. I then have a phone call from them to say they were heading back in a taxi because they didn't have their covid passes - hers was OK and received in time, but unfortunately his wasn't received by the time the gates closed - even though I told her that she needed the passes, I think she has so much on her plate because he has early onset alzheimers and it just passed her by.
They were told at Bristol there was a flight going from Cardiff tomorrow, so I looked online and there was a flight at 2.30 this afternoon - long story short, I managed to persuade her that I could get them to the airport in plenty of time for this afternoons flight and reluctantly she agreed - got them to the airport for 1.00 - can you believe it, they weren't even asked for their covid passes but at least they're on the plane and on their way which is a relief.
Hope everyone else has had a better day.
Good morning all - nice day weather wise here - shame it can't be said that it's a nice day on the markets as well.
Getting totally fed up with it all now - looking at some of the share prices I follow, its hard to believe that they were hitting 12 month highs a year ago and now they're hitting 12 month lows - just gradual selling with no respite to be had - so blinking boring - I'm off to walk the ewok.