Friday, May 21, 2010
Better out than in - as with UK property
Telegraph: FTSE falls below 5,000 due to eurozone crisis
London's blue-chips fell as the eurozone crisis continued to overshadow trading, while banking stocks plunged after US senators voted for a crackdown on Wall Street.
Posted by dill @ 02:42 PM (584 views) Add Comment
2 Comments
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1. miken said...
I believe that from the following 26 year chart:
http://uk.finance.yahoo.com/echarts?s=^FTSE#chart1:symbol=^ftse;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
...that it's a case of relatively short term investors pulling their money out the market in order to maximise profits after buying at the 3.8K level.
The stock market level is the same as it was 12.5 years a go...
Anyone noticed we are now in the third oscillation and the oscillations are getting smaller?
It begins to suggest computer software is mainly manipulating the market as to when to buy and sell.
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