FTSE hits record high! Closes breaking 7600

Who pulls the strings at the BBC is the question.

The EU if their Brexit stance is anything to go by.

You are aware that most companies on the FTSE are foreign-owned? Perhaps not.

UB will be along shortly to explain why this is a disaster for the UK.

Man in the Know is here.

There's a remoaner and bias apologist there. Better not argue, snowflake mode will engage and we'll be called racists.

I've a good memory and I can remember the FTSE getting reported on the news many times when it wasn't doing anything special, today it broke an all time record and there was no coverage. The BBC talked a lot about the FTSE going DOWN straight after Brexit, lots of reporting there, oh yes, no mistake about it, but they don't want to cover it now it's recovered.

The BBC however did manage to fit in a big long story about how some play had lots of "diversity" in it, with major white figures from US history played by black guys. That's odd, when a black guy is played by a white guy, don't the people like the BBC get all angry?

FTSE up or down - is rarely a good or bad indicator of UK economy. Given the "open access" nowadays it has similarities with a gambling platform (God forbid!). Ok, bit of exaggeration but not completely.

I cannot stand that weedy little pr1ck, Gove - and his more or less saying "don't listen to experts", listen to me a man of the people. HOWEVER there is no doubt about it economics is a very imperfect "science" - I agree that it is the "failed science".

Sometimes the "masses" ignore what they are told and they behave instinctively with what money they have. 2018 will tell the tale - through unexpected consumer behaviour which economists will be extremely wise after the event, clambering over each over to say they predicted it.

C&P job.

wot the fk are you  on about wallflower   your name sums up what you are

now go off and play with your friends over in brussels and in the bc

ps the markets have always been a gamble  - where the f have you been!!!

pps   I thought doom and gloom was predicted by the experts the day after the vote

what happened to the 'EMERGENCY BUDGET ' that would be needed to save us

or the IMF  constant predictions

etc etc etc

they really do not have a clue

expert -  ex = a has been --------spurt - a drip under pressure

they follow the  private fraser syndrome

we are doomed      doomed I tell you!!!!

You can posture all you like about how you think it matters, it's remoaner sounding rubbish.

Fact #1 is they USED to cover it a lot, fact is they DID give it a lot of coverage when it went down after Brexit to say "look isn't brexit bad" and now it's doing well they don't cover it.
Fact #2,3,4 is that many of us have an interest in the ftse via direct investment, ISA trackers + complex funds, and Pension funds investing in FTSE which affects anyone who has a pension that isn't final salary. Or even those if it helps make them viable which many are struggling to be.

And there other reasons why it matters.

So how about you admit it's bias and stop the cr*p because you and they don't like to see all the things doing well since Brexit, that people like the BBC don't like to talk about!

If the FTSE goes down it's a sign of the poor health of the economy, but if the FTSE goes up it's not a sign of the good health of the economy.

That's the BBC's stance on the market.

I cannot understand how a corporation can talk uk plc down

surely this is counter productive economically to create uncertainty  in markets etc  coz that is exactly what they are doing

but then how many business based or experienced manufacturers, ceos, or the small business experienced etc etc  are there in the bbc etc

i would imagine very few hence the bias and plain ignorance

it is a constant tirade of anti brexti pro eu and how good it is for us

despite the massive amount we pay in to belong to a club that has little interest in our own economy

Precisely. When it went down the economics guy was enjoying saying how bad this was, I told you so remoaner to the hilt. Now it's hitting record highs, not a whisper.

The the only explanation is the EU pulls the BBC's strings.

As an interested observer, I am not sure that breaching 7600 is that significant, or even newsworthy, unless you think that 7600 is some kind of important ceiling. 

7600 is only marginally higher than two previous peaks this year - end of May, and end of October.  Of course, the May peak preceded the Brexit vote but the ftse fell from the end of May right thru to the actual vote, and then only fell a little more before recovering.

I'd have to look it up but I recall that the BBC reporting of the time was far more focussed on the exchange rate changes, than any changes in the FTSE.

My post is of course total bollocks and should be carefully ignored.

news reporting is very selective and is decided by an editorial board and then  down the chain

you can see the journos who are the face on tele and radio are tightly controlled

with the legals leaning over their shoulder

you work it out

Putin's government doesn't put up with any anti-government reporting by some of their journalists - arrangement is made to have some of them murdered to silence their views. Last time I read a report on this it was 12 Russian journalists killed so far in the last few years or so.

I'm not suggesting anything here by the way!

7560 is a very significant level statistically according to technical analysis. However as one incredibly wealthy gentleman who knows what he is talking about once said "Never confuse the state of the economy with any of these indices". According to a not as wealthy gentleman "The bigger the bubble the bigger the bust!" These levels are RIDICULOUS and cannot be sustained in the long term. The housing market is already showing signs of a slowdown. Just look around you at the for sale signs staying up for much longer. Much lower offers are being accepted where offers are actually being made. Don't panic, just be very very careful!

ftse going up is good news for companies,lopwers pound,trumps tax cuts etc in general whats good news for companies aint good news for joe public
cut wages,jobs,costs,= higher dividends.share price

FTSE 100 performance in recent times is down to the fall in sterling as most of the companies are largely invested overseas.

great if you are selling, not so great for investing

hey ho

theres always bitcoin to plough your spare cash into ....

...or moneytree's latest cert free money nailed on cant lose nap

There's an almighty crash coming, the usual mugs will blame it on Brexit

when ftse was 1500 pension pots payed out 13 grand for a 100 grand pot,ftse now 7600 pension pots payout 5 grand for 100 grand pot, I no its based on government gilts etc,but investors dud far better when the ftse was far lower

there will be an almighty crash of course,but you guys know that

All bull markets end with a crash. That is the nature of free markets.

The severity of the crash is the key, some bear markets go on for a long time others are short lived and cause little pain.

the words "record high" are the clues

The UK is a good place to do business (that's fake news btw). It's the BEST.

'An annual ranking has declared the UK to be the best country for business next year, despite uncertainty over Brexit.

As business groups clamour for clarity on future trading arrangements and warn of financial services firms enacting contingency plans to maintain EU access, Forbes said the country had risen in its rankings from fifth last year to FIRST.

It judged 153 countries on 15 factors including property rights, innovation, taxes and red tape.

The report pointed to the current dominance of the UK's financial services sector and investment by top US technology firms, including Apple, as major positives for the country.'

https://news.sky.com/story/uk-best-country-for-business-in-2018-forbes-annual-rankings-11178253

FGS I even mock the conspiracy nuts and whoosh, they (including the worst on the forum) are off all doom and gloom etc. Yes one day it will come down a bit from a high as that's the nature of the game but it's still below long term trend, it's hardly on some shocking mad "bull" run and just because housing is overvalued, which is it is, it doesn't mean the FTSE is.

"Record High" is a clue it's a "Record High", that's all. Please adjust your tinfoil hat.

I'm sure pensions payed more back then due to a combination of what was generally obtainabe on interest etc vs people living shorter lives and so on. The point is that the bigger the fund the better.

Oh and inflation is a relevant point, remember that, just a couple weeks ago? It had sat on a tiny 0.5% since the last the Betfair Oracle of Delpih had had a winning tip, then moved to 0.25%, then moved back to a still tiny 0.5 and the BBC went MAD for it! Like oasis on coke. They made this a huge story, all doom and gloom and isn't this bad, and of course the subtext is Brexit is causing this bad econmic nightmare. They were even interviewing people a guy about losing his home and other remoaner lunacy.

I'll place bets most people don't even know what their mortgage rate is to +/- 0.25%, I don't, I just know it's "really low" and "still really low".

gordon brown abolished boom and bust

interest rates going from .25 to .50 was a good sign for our economy

All bull markets climb a wall of fear, but as JC pointed this one is hardly going into orbit.
What is it now, 600 odd points above what is was 17 years ago?

We are in a recession !

You see it's coming up to Christmas , and the turkey doesn't know
everything is good and he is getting fatter and fatter

the remainers just want to see bad news - they want to destroy uk plc and hand what is left back to the demagogues in brussels

The index is going up on low volume, which is a typical Santa rally, little serious buying.
Because low volume and higher tops suggests a mark up. Meagre demand outstripping meagre supply.

High volume and little progress would suggest serious selling. Supply satisfying demand.

Isn't the professionals' bonuses calculated on the position of the index at the end of the year?
They used to be.

the remainers only want to see the down side of everything

why are they not talking up uk plc instead of undermining it at every turn

Around 7% higher than it was in April 2015, whereas the pound is down 20% against the Euro for the same period, anyone could be forgiven for thinking these things maybe linked in some magical way.