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penbat1

Ftse Breaches 5500

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FTSE100 currently on 5506.40 up 11.60 which is a 4 year high

The FTSE250 is currently 7959.80 up 24.20 which is an alltime high

Edited by penbat1

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Nobody mentions inflation when they quote these index values. The real rate

is probably 6 to 8% a year. Or do you think they can create money from

nothing and get wealth for free! China selling us cheap electrical/clothing stuff has

helped hide it, but not from real stuff like Oil, Gas and House prices which have all

gone up over 100% in the last 5 years.

To get back to the high it was 5 years ago it would need to hit 10,000 to

have the same value.

Smoke and mirrors. Average Joe thinks he is back to where he was and his pension

will be ok afterall when the city of London has suckered him for his money, taking his

management fees and providing him with no gains.

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And I have been watching the £ and it seems to have been falling every day for the last 2 weeks. Is this connected.

Few things going on, the larger picture is that a weaker £ makes UK based Co cheaper to buy for international investors, also helps to increase the competativeness of UK Co, of more immediate importance the FTSE has a heavy constituent of Oil, Energy, and Mining Co, given the price of Gold has risen again to $472 today and the fact that Rita is now being referred to as the worst hurricane ever in terms of oil rig damage and you can see what's driving the FTSE up.

Oh also the FTSE for international investors is actually considered to be a defensive market to be in so when a global recession is a possibility the FTSE can actually benefit, supply and demand etc.

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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