There are plenty of traders taking long positions even now. Or placing put options. There’s always money to be made in the counter trade if you’ve got the balls to do it.1. Have you still not worked out that the Markets are being artificially propped up by the unprecedented printing of funny money ?
2. Have you still not worked out that it has been many a year since the Markets actually reflected reality on the ground ?
This should be 2nd nature to you, after all it is your job and you have seen it all before, or so you claim.
Britain is enduring its deepest recession in centuries but the havoc wrought by the coronavirus pandemic will not be enough to push the Bank of England to adopt negative interest rates, a Reuters poll found.www.reuters.com
Just for the record. It is not my doom and gloom, it is the picture being painted by economists. I am merely the conduit to bring it to these pages.
As the FTSE is rising according to you. Is it closer to the 8000 that gave you a wee woody, and had you scrambling to post a new thread, or is it closer to the 4500 - 5000 range that I posted months ago ?
Quick reminder to @Portree Kid - think you've missed this - why do you put such significance on PMI figures?IIRC the last two times you've posted doom and gloom PMI figures, both the Dow and the FTSE 100 ended the day on a high.
Genuine question - which you'll probably avoid - why do you put such significance on those figures?
If I threadbanned everyone who posted an irrelevant post there be no bugger on any threads after page one.Would appreciate you tbreadbanning him.
He's contributing nothing; tbe figures he posts are totally irrelevant to the subject under discussion.
He can't even explain why he posts them...
I thought I read the other day - That the latest issue of debt (Gilts) bonds issued by the Debt Management office were bought up by The Bank of England via funny money also know as Quantitative Easing
Has someone woken up and breathed in the coffee odours yet ?
Has someone woken up and realised that the economic carnage has barely started ?
Don't be scratching your head now, you will start a fire.
The OP started the thread in October 2019 when 8000 by the end of that year was a realistic possibility and COVID-19 was unheard of.Nobody is disputing that.
I'll refer you to the the thread title.
Go on @bobthebuilder tell why you don`t think we have reached the bottom yetThe OP started the thread in October 2019 when 8000 by the end of that year was a realistic possibility and COVID-19 was unheard of.
I don’t believe any of us think it will recover to its 2019 peaks quickly. So the question now is are; are we at the bottom. I don’t think so.
Fundamentally, the businesses that make up the FTSE are going to report dire results this year. Some very big names may well fail or require some form of bailout. Any bailout that involves the Government taking an equity stake is going to dilute existing equity. I don’t seen much positive about the British economy now; unless the government moves quickly to get the economy moving, depression or stagflation loom.
Do you know what PMI's are ?
I will refer you to posts 3 and 4, both posts made in October 2019.The OP started the thread in October 2019 when 8000 by the end of that year was a realistic possibility and COVID-19 was unheard of.
Neither do I.So the question now is are; are we at the bottom. I don’t think so.
The two lows from the noughties provide technical support and are convergent with a Fib retracement. A bottom around 3750 would not be technically unexpected.I will refer you to posts 3 and 4, both posts made in October 2019.
Neither do I.
I am in the 4500 - 5000 range by the end of 2020, there are others who are predicting sub 4000.
IndeedThe two lows from the noughties provide technical support and are convergent with a Fib retracement. A bottom around 3750 would not be technically unexpected.
According to figures from Refinitiv, six of the 10 biggest one day gains came between September and December in 2008, but the index did not bottom out until March 2009 after further heavy falls of nearly 30 per cent.
So you can't give a decent explanation as to why you post them.Do you know what PMI's are ?
Do you know how, why and by whom they are compiled ?
If you know the answer then you should you know the effects that they have on the Stock Markets, and should not need me to explain it to you.
Fill yer boots
As has been pointed out repeatedly, the UK PMI's are on a downward spiral, there is no end to that downward spiral in sight and this will be reflected, especially from the end of Q2 onwards until the end of the year at the very least.
This is why I post various PMI's and despite your howling, they are not off topic, neither are they garbage or any other form of detrimental terms you wish to use.
Equally, I’ve read articles that assess that the bear trap won’t no close as it’s too late. I don’t out much stead on financial journalists waffle.Indeed
Another 30% would take the FTSE 100 close to the 4000 mark.
Interestingly, since the date of that FTAdviser article, my wrap value has increased by 10.8% net of charges.Equally, I’ve read articles that assess that the bear trap won’t no close as it’s too late. I don’t out much stead on financial journalists waffle.
FTAdviser and pretty much every other commentary financial journalism is of little use to me as it lags too much. It is also, like most journalism, partisan. Not politically, but bears v bulls. You never see an article that is neutral!Interestingly, since the date of that FTAdviser article, my wrap value has increased by 10.8% net of charges.
Which is nice.
And, amusingly, I'm regularly quoted in FTAdviser on pension matters in particular.