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Post by Deleted on Mar 29, 2017 15:12:11 GMT
On the day we delivered the letter invoking article 50......the FTSE has risen to well over 7300.
I was a remainer, but we had the vote and we have to implement the outcome.
One of my concerns re leaving was the possible adverse affects on the economy.
But the money men seem to be very confident and optimistic.
Who'd have thought!
Rog
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Post by naughtyfox on Mar 29, 2017 15:23:58 GMT
It was obvious. Greece, Italy, Spain, all the ex-Yugoslavian countries, Poland, all the Baltic countries - will not be able to bleed Britain dry any more. Britain can avoid these parasites and start dealing with the real big boys - New Zealand, Australia, Russia and the USA. Hello Anchor butter! Hello Russian vodka! Hello V6 engines from the USA! Hello New Zealand lamb!
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FTSE 100
Mar 29, 2017 15:58:32 GMT
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Post by Deleted on Mar 29, 2017 15:58:32 GMT
I think its a bull market currently and there will be a fairly significant crash after a while which will hit the less savvy investors quite hard.
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Post by Telemachus on Mar 29, 2017 16:15:46 GMT
Dont forget that a fair bit of it is due to the devaluation of the pound. So whilst your shares are worth more in cash terms, they maybe not in real terms. FTSE100 companies that have assets abroad have of course seen the value of these assets rise in Sterling terms.
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FTSE 100
Mar 29, 2017 18:15:22 GMT
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Post by Delta9 on Mar 29, 2017 18:15:22 GMT
On the day we delivered the letter invoking article 50......the FTSE has risen to well over 7300. I was a remainer, but we had the vote and we have to implement the outcome. One of my concerns re leaving was the possible adverse affects on the economy. But the money men seem to be very confident and optimistic. Who'd have thought! Rog It opened today well above 7300 and it looks like it will close pretty near to where it started The 100 is a shit indicator of the state of the economy anyway. The 250 is a bit better but that hasn't done much today either. No severe market movements would have happened today due to article 50 because we all knew it was going to happen. Expected events like this are already priced in to the market. It is unexpected events that cause a reaction.
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Post by naughtyfox on Mar 29, 2017 18:29:36 GMT
The £ is still at 1.15 Euros as we speaketh - no change for many days/weeks. I wish the £ would seriously collapse as our holiday is approaching and I want to buy some £££ as cheap as possible
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FTSE 100
Mar 29, 2017 18:52:27 GMT
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Post by tonyqj on Mar 29, 2017 18:52:27 GMT
The £ is still at 1.15 Euros as we speaketh - no change for many days/weeks. I wish the £ would seriously collapse as our holiday is approaching and I want to buy some £££ as cheap as possible I'm sending money the other way in a couple of days so I hope the pound rallies strongly.
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Post by Deleted on Mar 29, 2017 18:58:18 GMT
I'm going to convert my money to dollars and stick it under my mattress.
And get a tin hat.
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FTSE 100
Mar 29, 2017 19:15:17 GMT
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Post by kris on Mar 29, 2017 19:15:17 GMT
I'm going to convert my money to dollars and stick it under my mattress. And get a tin hat. swiss francs would be better than dollars, or gold even better still and don't forget to line your tin hat in aluminium foil.
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FTSE 100
Mar 29, 2017 19:16:59 GMT
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Post by Deleted on Mar 29, 2017 19:16:59 GMT
I hate gold.
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FTSE 100
Mar 29, 2017 19:21:02 GMT
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Post by kris on Mar 29, 2017 19:21:02 GMT
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FTSE 100
Mar 29, 2017 19:23:05 GMT
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Post by Deleted on Mar 29, 2017 19:23:05 GMT
OK
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Post by Deleted on Mar 29, 2017 19:41:14 GMT
But we were told as the pound weakened against the dollar the FTSE 100 would suffer as most raw materials are purchased in dollars. That doesn't seem to have happened. I know the FTSE 100 has dropped a little from it's 7400 level, and also the FTSE 250 has dropped below 19000, but the year trend for both is a steady raise. We were told the markets would crash by the politicians, but the business people seem very up beat. Long may it continue. Rog PS I don't have shares, just like to follow the markets through sheer bewilderment
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Post by Delta9 on Mar 29, 2017 19:49:07 GMT
But we were told as the pound weakened against the dollar the FTSE 100 would suffer as most raw materials are purchased in dollars. The economy would suffer, not the FTSE 100. As I said, it doesn't represent the economy as a whole. Most 100 companies would benefit from sterling dropping.
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FTSE 100
Mar 29, 2017 19:51:01 GMT
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Post by Delta9 on Mar 29, 2017 19:51:01 GMT
The £ is still at 1.15 Euros as we speaketh - no change for many days/weeks. I wish the £ would seriously collapse Me too. All of my savings are out of sterling and I need a new boat.
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