[Ologhai Jones]

Is this a good time to 'take profits' (or minimise losses) before the world wakes up again and we have another plunge?

[Executive Sadman]

Plinty plinty. That £100bns gotta go somewhere, and god knows it wont actually go towards infrastructure building.

[Voice of Reason]

Mods delete this thread please.

We only have FTSE threads on HPC when the market is down 100+ points.

[rantnrave]

European banks get downgraded, unemployment numbers get worse and GDP gets downgraded - FTSE falls 0.5%
Someone in America buys a bagel - FTSE goes up 1%

[plummet expert]

Voice of Reason, on 14 October 2011 - 01:51 PM, said:

Mods delete this thread please.

We only have FTSE threads on HPC when the market is down 100+ points.

The markets have only stabilised because of the idea that a vast mountain of money is about to turn up in Europe and save all the people, the banks and govts from ruin. The only question left is, where is this money coming from? Govts plainly have none as they would not otherwise be borrowing every month like there was no tomorrow. Banks plainly have none since they are being highlighted as undercapitalised and stuffed with bad loans to other govts like, Greece, Portgual, Spain..even Italy. The IMF have admitted they are running short of funds.
The Chinese are beginning to realise they have lost the power to control their mirage of super growth. It is all a lie and well on the way to falling down.
SO JUST WHERE IS THIS MASSIVE EURO BAIL OUT FUND TO COME FROM? ANYONE KNOW? ............................Hmmmmm PRINT + DISTRIBUTE = INFLATION

[Reck B]

plummet expert, on 14 October 2011 - 02:17 PM, said:

The markets have only stabilised because of the idea that a vast mountain of money is about to turn up in Europe and save all the people, the banks and govts from ruin. The only question left is, where is this money coming from? Govts plainly have none as they would not otherwise be borrowing every month like there was no tomorrow. Banks plainly have none since they are being highlighted as undercapitalised and stuffed with bad loans to other govts like, Greece, Portgual, Spain..even Italy. The IMF have admitted they are running short of funds.
The Chinese are beginning to realise they have lost the power to control their mirage of super growth. It is all a lie and well on the way to falling down.
SO JUST WHERE IS THIS MASSIVE EURO BAIL OUT FUND TO COME FROM? ANYONE KNOW? ............................Hmmmmm PRINT + DISTRIBUTE = INFLATION

I KNOW! PLEASE ! ME SIR !

*puts hand up*

It's coming from YOUR bank account.

..and your children's

..and their children's

by which time, EVERY SINGLE PERSON making these rather silly decisions will have DIED OF OLD AGE and it won't be their problem.

[yellerkat]

Ologhai Jones, on 14 October 2011 - 01:44 PM, said:

Is this a good time to 'take profits' (or minimise losses) before the world wakes up again and we have another plunge?

No, we're back to this paradigm:

Weak data - Fed eases, stocks rally.
Strong data - Strong economy, stocks rally.
Consensus data - Lower volatility, stocks rally.
Bank loses US$ 8 billion - Bad news all out of the way, stocks rally.
Oil price up - Good for energy producers, stocks rally.
Oil price down - Good for consumers, stocks rally.
US$ down - Good for exporters, stocks rally.
US$ up - Lower inflation, stocks rally.
Inflation up - Good for commodities and asset prices, stocks rally.
Inflation down - Fed eases, stocks rally.
Climate change - Soft commodities up, stocks rally.
World ends - Good for disaster recovery companies, stocks rally. (from prudent bear)

[Yosser Hughes]

The working man gets home, watches the BBC news, FTSE up. 'Nothing to worry about'

The FTSE figure on the news is some kind of be all benchmark of the financial state of the UK/World to many people I know.

[swissy_fit]

Last time there was QE it leaked out into the stockmarket. You didn't think banks were going to lend it for anything constructive, did you?
This time is no different, and also there is anticipation of massive European QE to save the PIIGS.

[EvilEdna]

plummet expert, on 14 October 2011 - 02:17 PM, said:

The markets have only stabilised because of the idea that a vast mountain of money is about to turn up in Europe and save all the people, the banks and govts from ruin. The only question left is, where is this money coming from? Govts plainly have none as they would not otherwise be borrowing every month like there was no tomorrow. Banks plainly have none since they are being highlighted as undercapitalised and stuffed with bad loans to other govts like, Greece, Portgual, Spain..even Italy. The IMF have admitted they are running short of funds.
The Chinese are beginning to realise they have lost the power to control their mirage of super growth. It is all a lie and well on the way to falling down.
SO JUST WHERE IS THIS MASSIVE EURO BAIL OUT FUND TO COME FROM? ANYONE KNOW? ............................Hmmmmm PRINT + DISTRIBUTE = INFLATION

Okay, if that's the case, how do you explain the strength of the Euro during the last fortnight?

[cashinmattress]

Why does this happen? Let's get the ball rolling then...

link

Quote

98 of FTSE 100 companies use tax havens

New research by ActionAid uncovers 8,492 overseas subsidiary companies.

Every single company on the London Stock Exchange, bar two, uses round-the-world tax havens, often costing developing countries far more than they receive annually in aid, a report by ActionAid has revealed.

Ninety-eight per cent of the country's biggest businesses are afforded widespread financial secrecy and tax levies by holding jurisdictions in 8,492 companies outside of the UK. This makes up a quarter of the FTSE 100's total 34,000 subsidiaries.

The four big banks (Barclays, HSBC, Lloyds and RBS) alone have 1,649 firms located in tax havens.

ActionAid's research is based on previously undisclosed data. FTSE companies are required by law to disclosed information on their subsidiary businesses, however, ActionAid's analysis found that over half "were not complying with this legal obligation". The child sponsorship chairty submitted complaints to Companies House, thereby forcing Stock Exchange businesses to re-file their annual returns.

A graphic map of the FTSE 100 tax havens can be found on the ActionAid website, here.

[bobthe~]

EvilEdna, on 14 October 2011 - 03:19 PM, said:

Okay, if that's the case, how do you explain the strength of the Euro during the last fortnight?

I would guess, the bailout being passed is a sign that things aren't as desperate as the market thought.

That, and randomness.

[EvilEdna]

bobthe~, on 14 October 2011 - 03:31 PM, said:

I would guess, the bailout being passed is a sign that things aren't as desperate as the market thought.

That, and randomness.

I think the currency market is expecting that the Euro rescue fund won't be funny money but instead Euro bonds backed by all the Euro nations, or something similar. Otherwise surely the Euro would plummet at the prospect of massive printing?

[northwestsmith2]

Voice of Reason, on 14 October 2011 - 01:51 PM, said:

Mods delete this thread please.

We only have FTSE threads on HPC when the market is down 100+ points.

I'ts very volatile at the moment, as I and others have pointed out. This is a bad thing for FTSE growth.

During the debt times the FTSE never strayed out of 2.5% moves, in other words it was very very stable and it went up
but that's not the point, it was stable in the direction it moved.

Now It has gone 10% up from the low in 10 days, In July it was over 6000 and fell from that.

The volatility is a bad thing for investors, for gamblers it's just about ok, but still not good.

That's around 350% gains per annum at it's current rate.

This post has been edited by northwestsmith2: 14 October 2011 - 03:42 PM

[The Masked Tulip]

northwestsmith2, on 14 October 2011 - 03:39 PM, said:

That's around 350% gains per annum at it's current rate.

Therein lies the rub.