Thursday, Apr 19, 2007
Banks strong results snub sub-prime problems
BBC: Dow Jones sets new all-time high
The Dow Jones has closed at an all-time buoyed by strong results from J P Morgan Chase.
It was feared that sub-prime problems would would hit the "big" financial institutions hard but as yet that does not seem to be the case. I ask myself has the sub-prime market problems had sufficient time to manifest itself or in the grand scheme of things is the sub-prime problem little more than a storm in a coffee sized mug that will have little impact on the UK market.
Posted by denzil @ 09:11 AM (348 views) Add Comment
12 Comments
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1. financial planner said...
Beware!!! Financial stocks which are the major consituents went up on extremely low volume. There is going to be a big shake out.
2. p. o. o. r said...
I think over the next few months the share market are going to jump around a lot - the FTSE 100 has already dropped 63 points this morning, but this could easily bounce back.
3. mrmickey said...
This is the result of inflation pure and simple the $ just doesn't buy as many stocks as it used to.
4. dohousescrashinthewoods said...
Seems consistent with yesterday's technical post from Safe Haven (http://www.housepricecrash.co.uk/newsblog/2007/04/blog-stock-market-crash-coming-soon-3626.php)
I sense the markets are in trouble but can't put my finger on it. I disposed of my fantasy FTSE tracker shares early this year (ISF). I'm interested to see where things will stand by Summer.
5. george monsoon said...
dohousescrashinthesoods - I follow the market on www.Bullbearings.co.uk
The market is looking extremely shakey at the moment.
6. sold 2 rent 1 said...
I just bought another Wall St SEPT 07 put option
7. dohousescrashinthewoods said...
Thanks, George, I'll give it a go - been looking for a good "fantasy" site.
8. george monsoon said...
dohousescrashinthewoods.
Just so that you know us amateurs can do it as well... I am in the top 50 traders for making profit.
look for "Mr Wibble" in the list on both spreadbet and fantasy stocks....!!
9. dohousescrashinthewoods said...
Crikey, George, well done.
Once all this madness ends and we have homes, maybe you should try your hand?
I have set up as "Spinkster Quaff" :)
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