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OracleofSkegness lol this is going to go down
If there's any correction due for the FTSE it's up not down
My portfolio gained around 80-90% over the year.
I'm happy.
I've sold lot of my stocks.
Nice to have cash.
Still hold some solid share assets but for the first time in years, I'm more in cash.
The exception is the pension account which will remain 100% invested. All the best
kitty72cg Did you see today that deutsche bank Predicts a 5-10% correction before the end of the year LOL They must be reading our posts
I think you're right denby. We were 6500ish in February and I can see us getting close to that this autumn. I'm out of this now and started shorting so hoping to claw back some of my loses on the way down.
Worth noting that all other major indices have had a record breaking year yet the FTSE 100 has got no where near its record highs, in fact 12% below it and could be 20% + before the year is out!!
mm just a little tick up to day me thinks
:-) correction coming say about 9 %
Thanks Cheap. and agree the FTSE is not a sell. Astonishing it's so cheap and volatile. I was hoping the US would have diverted funds from their markets to ours by now but not the case. To think we went below 7000 on Thursday!!
I don't think that a circa 200 point drop is a correction denby. That's not to say bit wasn't painful because it was, I can assure y9ou!! My holdings are in a cfd and although I had stop loses in place I took a tremendous hit after building up a nice position leading up to breaking through the 7200 level last Friday.
Thinking next week will be a grind up but 7200 may not happen until the following week.
Whilst HM govt allow private equity to load debt on to companies and pay no tax, nothing will change.
WELL i thought that was a correction to day ? yes No ?
If markets do not buy - private equity will.
That is exactly what they done in 2021.
Americans buying UK grocers, defense firms - what next?
You would be a fool to sell FTSE.
""UK for sale": Britain's year of private equity buyouts"
https://uk.investing.com/news/stock-market-news/uk-for-sale-britains-year-of-private-equity-buyouts-2443877
That explains a lot kt, thank you!! We certainly have a lot of ground to make up!!
It still perplexes me the extent of the FTSE100 underperformance. In mid February 2020, just before the pandemic, the FTSE was at circa 7600. This week the French, Germans and Americans all hit ANOTHER record high yet we can't get to pre pandemic levels, let alone our record high of circa 7900!!
If we kept pace with those counties this year we'd be over 8200!!
Surely it's only a matter of time (soon I hope!!) that we are approaching those 2 milestones mentioned above.
There was an interesting piece on Bloomberg this morning stating that the forward p/e for FTSE is 12.6 compared to 16 for Eurostoxx (implying a 24% premium for european equities). The median for FTSE is 16 and half the companies have 17+. What drags the ftse is the 35% weight of Banks, Consumer goods and miners which are all under 10. The view was that consumers goods are under cost pressure because of factory/raw material price inflation, for miners it may be that commodity prices have peaked and banks continue to under perform in low interest rate environments.
Still that's a big difference which hopefully will narrow in the next year.
You may be right denby but I think 7300 next month, The money will come from the US as we are so undervalued. We are miles away from our record high and we're due a correction.
My opinion and hope I'm right!!
Forgot also if it goes to we’re I want it to 7800> I will pull the pin faster than touching a viper.
Afternoon Denby think I’ve a long wait to get back into Abcam.
Time for the footsie to rock and roll . Bought footsie tracker and expect a good rise from now even if the. Fed pulls the pin a bit.
My god kitty i thought that it would only go to about 7300 and a correction as loads of viruses about where is all this money coming from
Raise FTSE 100 12-month target to 7900.
I agree roughly with that, albeit my target is 8000.
"Goldman also raised its 12-month target for the UK's top FTSE 100 index to 7,900 points from 7,600. It was at 7,133 points on Tuesday. "
I do denby. I believe it'll tick up to the 7300 range in September and after the next quarters results season, which I think will be excellent, this will be the catalyst for a good run in to the year end.
Hope it's not just wishful thinking!!
Kitty you recon 7500 by year end? I thought may be 7250---7300 max 9 just thinking what goes up comes down harder :-)
Convinced this will begin to tick up from this week as yield is attractive and an excellent result fortnight has not yet reflected in the share prices of LLOY,BARC, RDSB,BP etc.
Also strong resistance at 7100 so only way is up!!
7300 in September and then 7500 + by calendar year end
I say as i think not always right but iit is not a perfect world, the reason that i think this is that I don't think that an economy should be built on debt , and there is to much Free money sloshing about in the economy.
Hi Denby
I hope you are well. You were spot on in Oct 20 but wide of the mark in Nov 20, Dec, Jan 21 and June.
Its difficult predicting but I like your willingness to try :-)