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29 Apr 20 10:14
Date Joined: 15 Jun 01
| Topic/replies: 8,932 | Blogger: sageform's blog
Apologies for posting here but the financial forum seems to have died. I am not sure why it has risen so far this week but not complaining.
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Pause Switch to Standard View FTSE back above 6000
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Report GAZO April 29, 2020 2:04 PM BST
well if everybody knows to sell in mid august you are probally better off selling late july
Report BlazingWalker April 29, 2020 2:08 PM BST
Big drop autumn so aug plenty of slack
Report GAZO April 29, 2020 2:10 PM BST
why the autumn ?
Report hologon April 29, 2020 2:17 PM BST
The old adage sell in May go away.
Report GAZO April 29, 2020 2:22 PM BST
come back st ledger day,the only problem now is central banks propping markets up with stimulus
Report April 29, 2020 2:24 PM BST
but s&p 500 expected to hit 4000 around then

If the S&P hits 4000 anytime this year i will eat my socks (all time high is under 3400).

Markets are up today due to possible positive news of COVID virus treatment (we've had this before) and the price of Oil rebounding. Yes markets they are looking healthier than 3 weeks ago, but impact on the economy is going to get a whole lot worse and is not priced in at these levels.

Dow futures were 500 points up earlier (high of 24674) but the markets are so volatile, they could follows yesterdays chart. I'm not suggesting they will, but i wouldn't be a buyer at the current quote.
Report BlazingWalker April 29, 2020 2:27 PM BST
By autumn the fed won’t be able to fight the loss of corporate insolvency’s and then everyone will be raising dollar to cover debts , everything will get sold off to raise dollar. 4000+ s&p could not be seen again for decades.
Report GAZO April 29, 2020 2:31 PM BST
america had some disappointing economic numbers today or worse than they were expecting so the stock market will rise and the fed chairman is due to speak later on today so he will probally keep mentioning stimulus so that should keep the stock market higher today
Report BlazingWalker April 29, 2020 2:37 PM BST
We are now playing out the end of a 50 year Ponzi scheme of central bank stimulus there is no way out of the bust that is coming . Two years or so from now you won’t want debt unless central banks wipe the slate clean but hard to see that happening.
Report truehoncho April 29, 2020 2:45 PM BST
I think you are right Blazing. In a couple of years this will all come home to roost.
Report BlazingWalker April 29, 2020 2:47 PM BST
Yes , inflation is going to take off and interest rates will follow and there won’t be a lot cbs can do about it , bar monetary reset.
Report truehoncho April 29, 2020 2:54 PM BST
Well I think they will keep printing money to keep the economy afloat in the immediate aftermath  in order to claim their strategy/actions were successful. Once Trump is back in he won't care any more about his economy crashing as long as he gets his second term. Boris was always going to struggle here after brexit and this will contribute to the problem. It's going to be very difficult for large manufacturing operations to compete with China. I'm not sure who is going to be able to afford electric cars for the next few years!!!
Report BlazingWalker April 29, 2020 3:01 PM BST
You can only print money during deflation like we had past 10 years. During the upcoming bust fed balance sheet could hit £30 trillion that will stoke rampant inflation a couple of years down the line . You can’t print during inflation it’s like pouring petrol on the fire. So their hands will be tied , things will be ugly no ones knows how the debt will be paid with rising interest rates years from now.
Report clacton April 29, 2020 3:32 PM BST

Apr 29, 2020 -- 2:22PM, GAZO wrote:

come back st ledger day,the only problem now is central banks propping markets up with stimulus

When is St Leger day this year.

Report GAZO April 29, 2020 3:46 PM BST
usually early to mid september
Report liberator of the oppressed April 29, 2020 3:48 PM BST
Middle england will pay won't they is nobody else not the tax dodgers or the great unwashed.
Report clacton April 29, 2020 3:54 PM BST

Apr 29, 2020 -- 3:46PM, GAZO wrote:

usually early to mid september

Might be a bit later this year. Lets just hope we get a St Leger day.

Report mwnn April 29, 2020 4:00 PM BST
Blazing, for inflation to take off you need demand to well outstrip supply.

The world economy is about to experience a massive demand shock,
A huge reduction in demand for machinery and capacity and mass unemployment.

Also a huge drop in demand for oil  and other commodities like metals.
Report BlazingWalker April 29, 2020 4:25 PM BST
That will start with oil once the bust has taken place and many on the zombie shale companies are gone and transport starts getting back to normal. I can easily see  $100pb plus oil in a few years.
Report truehoncho April 29, 2020 4:36 PM BST
America will certainly be looking to increase the oil price asap. It's a double edged sword for them. I have always thought since 2008 we have been walking a bit of a thin line. The determination to keep the banks in business had a big effect on investment in the country and I think that another episode of under investment like the last 10 years will be very hard on the country.
Report liberator of the oppressed April 29, 2020 4:40 PM BST
It's boom or bust Blazing things have got to change. The dodgers and exiles some offshore some incredibly wealthy want us to throw money at them they have got to pay the very big corporations we all know who they are rather than avoid is truly disgusting when we are all in this together but we aren't are we Tories need to be mindful of public opinion because landscape if fast changing they will be oot if not careful reminds me a bit like Greece and the near anarchy when they collapsed.
Report BlazingWalker April 29, 2020 4:41 PM BST
Remember by the end of the bust the US will have about £30 trillion debt in the system that will take time to work through and there is no hiding from that kind of money. It’s not just the US , Europe is in the same boat and China is the worst of the lot for indebtedness.
Report GAZO April 29, 2020 4:42 PM BST
cant see what america can do about the oil price with such low demand and storage almost full,although trump did threaten iran to give it a bosst
Report BlazingWalker April 29, 2020 4:48 PM BST
We need to go back to a world where banks only lent money from customer deposits , which was the case until 1968 then banks started borrowing ever increasing amounts to lend creating higher asset prices ,this is how the whole ponzi stimulus  money printing thing started and which we are now beginning to see end.
Report GAZO April 29, 2020 4:48 PM BST
Europe is my banker bet to start the rot but i do worry how long they can keep kicking the can down the road,america tried to get things back to normal but that didnt work and i remember when the tory's got into power and the famous 'there is no money left note' and how we were told we are  nearly bankrupt and the debt then compared to now is nothing
Report BlazingWalker April 29, 2020 4:56 PM BST
Europe quite possible as they have a number of G-SIBs that look very vulnerable right now.
Report pleasedontgetinjuredclanroyal April 29, 2020 8:05 PM BST
American hedge fund Citadel places £275m bets against UK grocers
Citadel has been building up short positions in both Sainsbury’s and Morrisons
Citadel is also betting against shares in troubled airline group easyJet

PUBLISHED: 22:22, 25 April 2020 | UPDATED: 10:02, 26 April 2020

An American hedge fund giant has placed bets worth £275million against UK supermarket shares.

The move by Citadel – owned by US billionaire Ken Griffin – suggests Britain’s supermarket chains might not be immune to the coronavirus outbreak, even though their shares have held firm so far.

Citadel has been quietly building up short positions in both Sainsbury’s and Morrisons in recent weeks, meaning it will profit if the food retailers’ share prices fall.

Short selling is where investors borrow shares, sell them and then buy them back – hopefully at a lower price – before returning them to the owner and pocketing the difference.

It has amassed a short position accounting for 3.6 per cent of Morrisons shares, worth £162million – one of the largest on record in the UK and up from 2.4 per cent a month ago.

Citadel first disclosed a bet against Sainsbury’s at the end of last month and has increased that position to 2.5 per cent of the group’s share capital, worth around £113million.

A source close to the hedge fund said Citadel Advisors and Citadel Europe – both shorting Morrisons and Sainsbury’s – operate separately.

Citadel is also betting against shares in troubled airline group easyJet to the tune of £56million, and has placed a £51million bet against kitchen supplier Howden Joinery.

Earlier this month, Citadel set up a temporary trading floor at a hotel in Florida that had been shuttered in the wake of the Covid-19 crisis to allow traders to keep operating.

Citadel declined to comment.

Anyone know where its possible to find out this kind of information without reading it in the paper ?

Midas actually gave Morrisons as a buy in a different article in same paper but why would they bet against it to such a large extent ?
Report seaside April 29, 2020 8:21 PM BST
How come the price of gold is not going through the roof ?
Report saddo April 29, 2020 9:25 PM BST
Short selling is where investors borrow shares, sell them and then buy them back – hopefully at a lower price – before returning them to the owner and pocketing the difference.

'borrow' them from who, and how? That's a poor explanation, shirley not a financial journo?
Report thelatarps April 29, 2020 10:08 PM BST
Yeah that sounds a pretty poor explanation.

The only way i can riddle it is if the hedge fund contacts investors on spec and asks if they would be prepared to loan the shares, so the hedge fund could indulge themselves in a spot of shorting.
Some investors might be up for it, if they bought at a price lower than the current one.
Others who bought at the current price wouldnt be so happy, I guess.
Either way, if they got wind of what was coming they could be looking to offload also.
Bad news all round.
Casino capitalism.
Report BlazingWalker April 29, 2020 10:32 PM BST
Report GAZO April 29, 2020 10:50 PM BST
casino pretty much sums it up but this short selling is probally a bit lame compared to some of the things they get up to,sometimes it seems like they are using the martingale system and anybody on here could tell them what could happen using that,although they get bailed out when they all do it so they are not likely to stop
Report bustino April 29, 2020 11:38 PM BST
Some Stock Brokerage firms offer short selling others dont.........its pretty much like betting or laying on here but most firms that offer short selling allow u leverage a greater position then you have deposited between 40 and 100%

After 2009 the regulations changed and effectively you have to borrow the Shares but in effect the brokerage house handles this for you u dont have to look for some party with shares.

It dosent make sense to me despite the worlds ecomomy coming to a standstill global enemployment hitting 20% governments leveraged to their eyeballs the Stock-market is 13% discount from record highs.

Take Ryanair holdings in 2009 they traded at 4.15 euro hitting a high in nov of 2019 of 16 euros......Today they rose nearly 6% from 9.61 TO 10.52....Barclays despite posting fairly dodgy results having big exposure ro defaults ,credit card dept couple of years of recession the shares rose 20% over the past two days.....

I wont be waiting till Autumn to short stocks the S + P 500 will not break the 3000 barrier in 2020 top of my list to short is Ryanair and Flutter entertainment.......Betfair/PP are on the verge of merging with Stars group of Pokerstar fame its not that Stars group is a dog just Flutter are paying wy over the odds paying 6 billion by issuing stock.......This is for a company in 2019 made profits of 169 million........Now in fairness it is growing but has debt.....they exspect the merger to complete this quater  or early Q3.....Most companies holding their dciks in their hands are doing everything to raise Liqudity Flutter are taking on 3 billion of debt and liquidating their shares by issuing 600million shares which alot of are lilely hit the market post merger.

Shares are like backing horses some time s u win some times u luck lads
Report roadrunner46 April 30, 2020 7:46 AM BST

Apr 29, 2020 -- 2:54PM, truehoncho wrote:

Well I think they will keep printing money to keep the economy afloat in the immediate aftermath

Report mrcombustible April 30, 2020 7:49 AM BST
"It dosent make sense to me despite the worlds ecomomy coming to a standstill global enemployment hitting 20% governments leveraged to their eyeballs the Stock-market is 13% discount from record highs."

I agree bustino

What is your opinion on Imperial Brands?
Report roadrunner46 April 30, 2020 7:49 AM BST
the rules around company cars are changing and this will make electric cars better value, then everyone can reap the benefits  of cleaner  air
Report bustino April 30, 2020 9:17 AM BST
Mr Combustible

I dont know a whole lot about Imperial..........They recently sold the premium Cigar part of company for 1 billion to pay down debt currently at 10 Billion and are stramling business increasing presence in e cig market whether this was good business remains to be seen as it was profitable.Alot i would exspect would revolve around Governments legislation on banning certain flavours of e cig products,,,,,on the positive Company directors seem to be buying shares with no sales from current directors which is always a good indicator. You probably know the company (most definetly) have better knowledge of past performance/current holdings fiancial position etc then i would have.

Tend to concentrate on stocks that i have been involved with for years....Paddy power (Flutter), Ryanair, Origin Enterprises, Barclays. Udg (united drug) at moment am short on Flutter at 12.65 short on Ryanair at 10.50 small hold positions on Origin and tester day exited Udg recently.
Excited Barclays too early missed the huge gains of last two days but weaker today on Lloyds results posted today,

The only share ive recently analysed and done well on is FIivrr (FVRR) which i stumbled on by accident it provides services for the Tech industry through the gig looks like a share that will benefit from covid 19 i bought at 20 dollars now trading at 42 in 3 weeks and are posting results on 17th of May i would be very interested if they pulled back a bit as think could be a serious player in future.

Theres an old saying about the stock market " It drops like an elevator and rises like an escalator" as the recession bites and small companies suffer and this is inevitable I think it will look terrible if Wall Street emerges unscathed if small businesses and millions of individuals are left un-employed and governments will address this otherwise their will be a serious backlash as ecomomies re-open.

Am not involved professionally in Fiancials and would be interested in others views
Report GAZO April 30, 2020 9:30 AM BST
do you really think they will care if it looks terrible if wall street escapes unscathed ? sadly i dont,they didnt after the 2007/2008 crash and when you look at governments a lot of them came from these big investment banks,including our chancellor
Report bustino April 30, 2020 9:41 AM BST
They dont care but Trump cares about getting re elected
Report GAZO April 30, 2020 9:43 AM BST
not at the expense of the stock market,sadly
Report mrcombustible April 30, 2020 10:04 AM BST
Thanks Bustino, I am an amateur investor. Always had an interest in the stock market but only started investing about 10 years ago.

I tend to hold shares long term and am interested in the dividends for income as I am retired.Most of my holdings are in Investment Trusts but I do have some individual holdings. Bought some Vodafone on Monday and they are up 7% in two days which is a stroke of luck

I have taken a big hit in the current crash but luckily it was out of profits earned and things have pulled back a good bit in the last month.

The 20,000 ISA allowance a year makes it very worthwhile though I think you may be based in Ireland. 

Will keep an eye on FVRR, though HL don't deal in them.Sounds an interesting Israeli company.  I remember the name United Drug from many years ago, I did not realise they had grown so much and were now part of the FTSE 250

I like your escalator/elevator. Very true
Report roadrunner46 April 30, 2020 10:20 AM BST
these black swan events come along every now and again, and is a timely reminder of how standard investment strategies will always have major drawbacks
Report liberator of the oppressed April 30, 2020 10:28 AM BST
Offloaded me Willies for a few quid at just over 122 this morning cannot see shops opening for a very long time or sport starting in any significant way first contamination will be shutdown again footie grounds are going to be empty for remainder this year think Willies will be swallowed up shortly they are still looking relatively cheap I'm sure I will engage in the market again some point money has to go somewhere.
Report dustybin April 30, 2020 11:00 AM BST
I got stuck into amazon after the lockdown, which as long as today’s figures don’t deliver a turkey has paid off nicely
Looking at the out of hours trades they are going to announce bumper profits.

Inflation is used by indebted nations to pay off the amount they borrowed so just as after the war expect it to have a controlled rise.

As for oiled, trump is a clown and has no say in it. He’s already attempted twice to spoof the market by saying he’s doing this and that (remember when musk got a massive fine for his twitter musings?).... trump has built up so much bad feeling with Putin and MBS via old hat mercantile economics that they look happy to ride the price out which will ultimately hurt trumps election, not something either of them give 2 fooks about.
Report posy April 30, 2020 11:45 AM BST
bitcoin also on the move ;broke through £7000 last night.
Report sageform April 30, 2020 12:25 PM BST
I have stopped bothering with ISAs. With so much interest and dividend income tax free, unless you have a huge investment pot you are paying higher management fees to ISA providers for no reason. Higher charges and more paperwork. I am keeping the ones I have including cash ones.
Report sageform April 30, 2020 12:29 PM BST
Many countries have negative interest rates but still no inflation. It does go against all of the economic "rules" that I have thought I understood for 50 years but the world is awash with cash and debt at the same time. Those with cash get no return while borrowers pay very little interest.
Report GAZO April 30, 2020 12:51 PM BST
i think its just stimulus,bad news means more stimulus so the markets seem to go up especially in america
Report bustino April 30, 2020 1:09 PM BST
S and p 500 is  at 2939 was at 3400 at its high think we will see significant falls early next week.......Amazon results will prob support this week but v surprised if hits 3000 barrier.

Mr Combustable if there is a collapse and Barclays hit the .80 mark think its a very good fit for you.....i know dividends were suspended this quater but will resume after q2 and there is normally a 5/6 % yield think entry price at moment little high but at 0.80 far entry point
Report truehoncho April 30, 2020 1:51 PM BST
Just after I left University in the footsie was nearly 7000 (6890 or something). I studied economics and it was ingrained into me that the footsie was not for short term but long term investment. 21 years later its less than it was then. Strange world.
Report sageform April 30, 2020 1:59 PM BST
actually lower than that in reality. They drop failing companies and replace them with profitable ones so if you had held the same shares since you left Uni, it would be lower. I know that you can sell the ones that drop out and buy the newcomers but for an individual investor, that has a cost. You do of course have the dividend yield on top of any capital gain or loss.

It is not at all surprising that it has fallen. It went down by around 40% after 9/11 and nearly as much in 2008. This seems to me to be another level of disaster to either of those so I had expected it to be around 3000 by now.
Report sageform April 30, 2020 2:04 PM BST
Back below 6000 this afternoon. Reality bites again.
Report GAZO April 30, 2020 2:12 PM BST
not yet but reality is coming,another 3.8 million job loses in america and once bankruptcies start then it will kick in
Report roadrunner46 April 30, 2020 2:15 PM BST
have you dumped national express yet? would of sold that stock at 230 and moved on weeks ago
Report truehoncho April 30, 2020 2:15 PM BST
There seem to be a lot of economic uncertainties going forward. House prices were remarkably resilient after 2008. I have been told that some are lending at 8 times wages. How can America survive on oil being so cheap? Europe looks a proper basket case at the moment and if you live in the Northern countries you are going to be financing the likes of Italy and Spain for a while to come. The China belt and road initiative looks like trampling all over the current trading infrastructure. Brexit. The list seems a long one to overcome. If we live another 21 years will the footsie be even less?
Report GAZO April 30, 2020 2:19 PM BST
wouldnt be surprised if american oil companys were nationalized or big bailout in the coming days,there was something about that today but didnt catch it all
Report sageform April 30, 2020 2:26 PM BST
roadrunner no. I also have some that I bought at 390 and 400 a year ago. I still think that they are a far better bet than any cruise line or airline. Scheduled bus services are a necessity for many people and Governments will make sure they survive. In the short term 250 seems about right.
Report roadrunner46 April 30, 2020 3:00 PM BST
this market crash has made me take notice of some of the FTSE 100 companies that were mentioned  on betfair , the american nasdaq stock markets seem to
work more inline  with my way of working.
Report Cider April 30, 2020 4:56 PM BST
nobody buys all the constituent parts of an index, they buy a passive tracker so when businesses are kicked off the index and sold by the fund, they are not a total loss, not even close. Value stocks have been out of favour for a long time, of which the ftse 100 is made up of many. Growth stocks have been more robust in the crisis, and been in favour in the early recovery of the markets. My view is that this will flip at some point in the future, when solid profit making operations with positive cashflows will come back into favour.
Report Deltâ April 30, 2020 4:58 PM BST
blimey sage', you jinxed it today

5901.21 Cry
Report dustybin April 30, 2020 6:03 PM BST
Plenty of opportunity in airlines. Just about picking the right one.
I’m cautious but will wait for the right price and back BA if virgin get given a shafting (which they should) wait for BA to s hit out their own problems and they will acquire the slots of the cheapo airlines that go bust
American airways AI think might be the other. All national airways will have to be secured and people will be chomping to get on a flight soon enough

Visa another dark horse I’m waiting on, they have a great market share for size and took over a large portion of banking payments
Report sageform May 1, 2020 7:52 AM BST
I must admit that I was not surprised at the mini correction yesterday. My opening post was questioning why it went up so fast. It is still up on the week to date. Perhaps the most significant development yesterday was a survey showing 60% of the public would not be happy to use public transport or go to a pubic event even if the lockdown was lifted. Many economists are assuming that things will quickly recover but it could be many years. I am still doing whatever I am allowed to under the rules but I have been surprised how many friends and relations of a similar vintage (over 65) have not left their houses at all since March 20.
Report GAZO May 1, 2020 8:42 AM BST
i think those economists will be in for a shock,lots of people will be very weary of large gatherings or crowded spaces,airports being a good example until we get a vaccine,the other thing will be people's change in habits and how the cost of things get shown up,so if for example you buy a couple of coffee's a day or go to the pub a few times a week i can see lots of people now really working out how much its actually costing them when they see how much money they have left and they might not have missed  the coffee or pub that much
Report truehoncho May 1, 2020 8:58 AM BST
I think the opposite, especially the young. Coffee and beer have been stupid prices for years now and there is plenty of demand for them. A coffee shop on every corner! I agree the economy will take a long time to recover but I don't think it will be peoples fears of gatherings that will be the cause. We are just an unproductive country that allows the wealthy to get away with very little contribution and rely on working class to pay for everything through stupid taxation. It's just not a good recipe for economic recovery. I think you need to reduce the financial burden (taxes, mortgages etc) on families so they have more disposable income to spend in the economy. The way it's going with all this printing money we will start becoming a command economy where the only growth will be through government projects (and all the cronyism that goes with it) and that doesn't motivate anyone to work hard.
Report sageform May 1, 2020 8:59 AM BST
Good point. Many people can manage perfectly well on lower spending and are now less likely to be tempted to spend so much even when businesses are open again. It will be very interesting to see how the figures for private savings look in 12 months time.
Report sageform May 1, 2020 9:03 AM BST
My reply was to Gazo. I also agree up to a point with truehoncho that young people may go back to gathering but taxes have been reduced significantly in recent years and they will have to rise just to pay for the extra NHS facilities as well as other reasons.
Report GAZO May 1, 2020 9:09 AM BST
truehoncho,i agree coffee and beer have been stupid prices from pubs and coffee shops but people are now going to see this with how much money they have left and work out were its come from,i have noticed this with ex-smokers who used to say 'i cant believe how much money i have saved since stopping' and i couldnt grasp how they didnt realise how much they were spending on them but they saw the savings in real money.
Report truehoncho May 1, 2020 9:14 AM BST
Income tax has been reduced but the overall tax burden is higher. An average guy on an average wage with a couple of kids is paying over 70% of his salary in taxes. We just call them different things VAT, fuel tax, council tax, house stamp, tv licence, water rates, car tax etc. It just means as soon as you have your money it's gone. Now look at the high earners and idle rich who have all the tax breaks e.g a racehorse. Your point about paying extra for the NHS is correct but are our eyes bigger than our bellies? In the end You can't pay for the NHS out of public sector taxes for very long.
Report truehoncho May 1, 2020 9:23 AM BST
You may be right Gazo, but I also think they won't have any money to spend and that maybe the bigger motivation for not buying beer and coffee.
Report liberator of the oppressed May 1, 2020 10:07 AM BST
Football in particular and big social gatherings are over for a very long time make no mistake end year is optimistic. Players have concerns about contact and germs and we have PFA and public perception battle for supremacy there haven't their accounts been delayed. Footie clubs are desperate for money. Read somewhere today most scottish small businesses will be skint in low months without support probably like everywhere else. What is interesting is that some players won't have anywhere to go to when contracts end won't be anywhere at this rate apart from the top geezers nobody wants anybody else. Doomsday beckons for football. Talking about salary cap £7K week for Championship. Can see that sort thing escalating into industry millions on the sausage after this. I cannot see my local opening before Xmas which is worrying and we cannot continue furloughing for ever something has to give. In retrospect which is easy to do we might have got this all wrong look at New Zealand and Sweden do appreciate NZ is a slightly different kettle fish to UK Wellington for example one biggest places population 250000 is about size Bradford. Aren't we paying something lunatic like £30-40BN + that might be conservative every three months to finance lockdown that is a lot of dosh. Might just buy some Willies shares back if touches 105.
Report dustybin May 1, 2020 10:48 AM BST
I always thought business capital in the form of innovation was always racking up bigger problems for the blue collar workers than many economists were letting on. All the scoffing at Marx’s alienation of the workforce being counteracted by arguments of raised productivity and alternative job creation simply didn’t add like with like in my book, since wealth distribution didn’t keep up with productivity and the warning signs were easily seen by a fragmenting of worker ‘rights’.
I always wondered how the political types and business owners would actually go from telling everyone to work, to actually telling them sorry you are surplus to requirements (no business employs anyone for the good of the community). I think we have now seen the answer, they will harp back to them virus’, just as the tories framed austerity with the financial crisis.

Not a fan of trump in the slightest, but his arguing now that the virus was man made looks to throw the cat among the pigeons.
Report liberator of the oppressed May 1, 2020 11:28 AM BST
Exactly dusty last thing we need is war and more carnage diplomacy has to be the answer irrespective where COVID originated. Stock market is so volatile last obliteration years ago showed that money eventually has to go somewhere other than banks paying nothing inevitably that is usually LSE but that comes with inevitable risks bit like a stack of cards worrying time at the mo.
Report howard May 1, 2020 3:05 PM BST
How many present day footballers have been seriously ill or died from the virus ?
Report howard May 1, 2020 3:07 PM BST
Trump will bailout the shale industry. Everything else that happens likely to be based on Iran not being allowed to develop nuclear bomb.
Report liberator of the oppressed May 1, 2020 3:46 PM BST
Chinese or an indian take - away tonight is the question bit of a no brainer don't you think.
Report sageform May 1, 2020 5:17 PM BST
Buy your own ingredients, keep them stored properly and then cook them to a temperature that will kill any virus.
Report roadrunner46 May 18, 2020 8:25 AM BST
national express group  plc 175 to 215, thats a 20% move in the last 5 days after dropping 36% from 273, thats a good move. ive been tracking that company on google finance
Report GAZO May 18, 2020 9:42 AM BST
kiss of death
Report Deltâ May 18, 2020 8:09 PM BST
Report liberator of the oppressed May 18, 2020 8:29 PM BST
From the BF Sage like the geezer in Omaha is little old me who has had a bottle or most bottle of pretty good Rioja just cooked the most delicious beef strog easy peasy to cook at half - time not that it is half - time jelly babies for pud feel bit sick now nevertheless I can see betting shops opening within next 3 - 4 months no downsize Willies will eventually go all on - line Willies can easily make 150 probably by September 200 if we get really back on track by year end if isn't splurge in COVID deaths we are all going to come into contcat with the virus at some stage unless is a vaccine USA operation is ding dong didn't Fred pay high 120's pre -lockdown so you would have to assume he was well advised risks are such you can have real go minimalish risk would assume unless back to square one I'm back in the game at 110 and 101 for a few quid Oi Oi. Closed 116.8 today if things are good is usually BIG spike on opening you could make couple hundred noonoo's every day. Come on Leverkusen.
Report liberator of the oppressed May 18, 2020 8:51 PM BST
3 - 1 bread on the table 60 mins gone laid a bit off 1.05 to pay for the booze and fillet stake and housekeeper.
Report liberator of the oppressed May 18, 2020 9:01 PM BST
Opened today 115.35 touched 121.02 pretty quickly job done.
Report liberator of the oppressed May 19, 2020 10:56 AM BST
Boom shakalaka pom pom not irn bru tonight.
Report sageform May 19, 2020 11:23 AM BST
The other share that I have owned on and off for 50 years is Bunzl which has rebounded from a ridiculous fall in March to be only 10% before they were in January.
Report posy May 19, 2020 1:22 PM BST
ftse still needs 30% uplift to get back to where it was.
Report mecca May 19, 2020 11:51 PM BST
US-TECH 100 has been rising steadily since mid April... if anyone's into options.

Beware the drop in the last hour or two of trading. Happened a lot recently, but usually claws back in after hours trading
Report Deltâ May 26, 2020 8:36 AM BST
6100 fred required

Report pipedreamer May 26, 2020 11:35 AM BST
Well at the beginning of June,you could well be crying,as the odds are that all markets will start to tank then..Sorry,that's what the chart says.
Can be wrong,but if I had money in it,i would sell now.Technically it's exhausted the rally.
Just my opinion,based on T.A.,nothing in life is guaranteed,even my opinion.
Report GAZO May 26, 2020 11:49 AM BST
the charts dont take into account what central banks will do and the fed will do anything,i think it should drop and i hope it will but this is not a true market
Report howard May 26, 2020 11:52 AM BST
Doesn't all this currency they are printing have to go somewhere ?
Report truehoncho May 26, 2020 11:56 AM BST
Wait until the end of the furlough. That's when we will see a more realistic valuation of the footsie.
Report liberator of the oppressed May 27, 2020 10:14 AM BST
Willies 142.00 now interesting.
Report posy May 27, 2020 10:43 AM BST
My view is that charts are going to be meaningless for the next six months as what happens to the ftse will depend on what happens to the dow/500 in an election year.Trump will be pulling out all the stops to create a feel good atmosphere and that implies a rising market.
Report truehoncho May 27, 2020 8:50 PM BST
The EU have just announced a £825 billion package. This will stimulate the markets for a while. Obviously basket case countries like Italy, Spain and Portugal are looking for handouts as ever. Lets hope we are well out of it before someone has to pay it back.
Report roadrunner46 May 28, 2020 8:05 AM BST

May 18, 2020 -- 8:25AM, roadrunner46 wrote:

national express group

Report roadrunner46 May 28, 2020 8:07 AM BST
another 20% move 196 to 238 (yesterday) kiss of death PMSLLaugh
Report pipedreamer May 28, 2020 12:45 PM BST
It's a straight gamble.Second wave of virus happens,that results in markets tanking.If it doesn't,markets go up (just exactly how far is debateable).
Lots of Indicies spiking.Starting next week is the most telling, as to what happens next.It will be a very dangerous time to be even partially invested in the market.All technicals point to a pivotal point.We tank or recover.Even as it stands, already all economies are in serious trouble.
Remember,stimulus is ok and works (for a while ),BUT, a country can't keep handing out money.What happens when the paying of 80% of workers wages stop?.they can't keep on doing it forever.
if companies fold, who is going to pay for all the unemployment benefit?.Even Councils have to find money for social services,when they are receiving no income for car parking charges etc.A perfect storm is brewing,and nobody knows how to get out of it.
I wouldn't keep a penny in stocks myself,as it's got the capacity to end up being a total nightmare.We shall see.
Report truehoncho May 28, 2020 1:42 PM BST
A perfect storm is brewing,and nobody knows how to get out of it  ---  You could be right Pipedreamer. I really don't understand those (particularly on the left) that are obstructing the opening up of the economy. It's the people that they are meant to represent that will be hurt the most. 4 million unemployed and not many of them will be bankers!!
Report sageform May 28, 2020 3:35 PM BST
At the moment getting paid to sit at home or go to the local park is very attractive so the Unions will be getting the message "keep it going as long as possible" from their members. As truehoncho says, the problem arises when the furlough stops. Much is going on as normal though. I enquired about replacing some windows and the local contractor came to measure up this morning. FTSE went into reverse on the first 2 occasions that it topped 6000 but now over 6200 so I think it will stay above 6000 until we get another lockdown.
Report liberator of the oppressed May 28, 2020 3:52 PM BST
You might be right pipe a perfect storm may well be on the horizon. We are in a complete mess nobody wants to go back will be few jobs to go back to country is hemorrhaging money accumulation of debt is truly staggering second wave and we are doomed + impending war with Unions and Sir Kier will throw a couple of googlies no doubt Boris' authority might also be questioned he might just tell them all to stuff it. Big call to reduce or end furloughing. Willies shares are good mind you volatile in the extreme good days easy peasy they shoot up first thing usually then trade out when goes down just after opening buy more up up and away usually no more smart price lager here do you remember Londislagerhound by the way wonder where he or she is anyway money has to go somewhere could be a false dawn.
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