Poyningsgull
Well-known member
- Apr 12, 2007
- 1,730
The doom merchants have gone quiet.
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FTSE100 is 10% higher than 1 month ago
- Thread starter Poyningsgull
- Start date
TSB
Captain Hindsight
Be 1,000 points lower by year end.
MattBackHome
Well-known member
- Jul 7, 2003
- 11,875
Yeah everything is going swimmingly isn't it.
GreersElbow
New member
I don't think people quite understand how the financial markets work, the pound is still doing terrible and the likelihood is the FTSE has seen a rise in people purchasing the stock speculatively rather than via a sound future investment. I'd expect it to plummet when people get cold feet and pull out.
I see the Brexit campaign have gone silent on the currency situation though.
Wow.
I see the Brexit campaign have gone silent on the currency situation though.
Wow.
Robot Chicken
Seriously?
Remember that the FTSE plunged on the very prospect of Brexit. We're still in the EU for a couple more years at least. If this is what happens with just the idea of Brexit then I'll leave it with you to think about what will happen when (if) we leave the EU permanently. Until the Lib Dems run on a "Get us back into the EU" ticket or something!
Poyningsgull
Well-known member
- Apr 12, 2007
- 1,730
- Thread starter
- #8
Prime ministers do not get elected....parties do.!
don't we always?
TSB
Captain Hindsight
Yep. Plus the weakening pound is massively beneficial to 50% of the FTSE 100 as it improves their position globally.
GreersElbow
New member
Don't tell people that on Facebook, they shared that Facebook post by that UKIP lady about the £ 'rallying'
That was a try at sarcasm!
GreersElbow
New member
The majority of the FTSE 100 companies have a fair proportion of their interests overseas , so its not a true and just reflection of the UK Market post Brexit. The broader S&P index or Midcap index will be a better guide and are lower post Brexit as they have companies with most or all of their assets based in UK
GreersElbow
New member
I did hope I was wrong!
Poyningsgull
Well-known member
- Apr 12, 2007
- 1,730
- Thread starter
- #17
It's wankers like that who cause the problems.!
Did they vote Leave then?
(Taken from Bryce Edwards on today's FT Markets Live...)
I’m sorry to be tedious about this, but most of the leaderboard’s there because the $.
The FTSE’s at an 11 month high because of the $.
Note that, priced in dollars, the FTSE’s off 0.2%.
You’ll be bored by now with with the post-Brexit UK indices in dollars chart …
So instead I’ll point out that of the world’s 24 most top currencies, the FTSE 100 is lower in 23 of them.
The only way to get a positive return is to view the world in sterling.
That’s true for any reasonable investment window. Two year, 12 month, year-to-date, post Brexit, whatever.
In all of those you’re looking at around a 20 per cent loss in any currency other than Her Majesty’s Peso.
I’m sorry to be tedious about this, but most of the leaderboard’s there because the $.
The FTSE’s at an 11 month high because of the $.
Note that, priced in dollars, the FTSE’s off 0.2%.
You’ll be bored by now with with the post-Brexit UK indices in dollars chart …
So instead I’ll point out that of the world’s 24 most top currencies, the FTSE 100 is lower in 23 of them.
The only way to get a positive return is to view the world in sterling.
That’s true for any reasonable investment window. Two year, 12 month, year-to-date, post Brexit, whatever.
In all of those you’re looking at around a 20 per cent loss in any currency other than Her Majesty’s Peso.
With the greatest respect you havent got a clue why its rallied, you can offer a view to fit into one scenario as others can too.
Why would these speculative investors speculate if they agreed with your view that it is likely to plummet, markets by their very nature are speculative driven, it seems that many dont agree with you and are putting their money where their mouths are, whilst you purport to offer a view as an expert on a football forum.