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Butthead

Ftse Up 190 Points. Strong Gains For Banks.

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(Although the subsequent fall back to the 50xx mark will be hailed with an 8+ page thread on the world ending...)

I am surprised there was no White Tuesday thread. Maybe we could use this as a start to one.

So here goes

The BarCap guy on B'berg the other day said he still thinks this will be a good year for stocks.

These sort of jumps herald the start of a raging bull.

They will be printing money to save the banks and that always kick starts the SM.

Any more for any more?

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Those magnificent men in their flying markets

They go up tiddly up up

They go down tiddly down down.

FTSE`s been trading in a 300 point channel for, what, a few months now. Clearly everything is fixed. Until it`s not.

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What we need is a chart, to see if this day is one of the biggest riser days in FTSE history. It certainly has been a good day to be long.

That said, no obvious news to drive it. The guff about the leveraged debt bailout to stiff taxpayers was broken by the Telegraph on Sunday, but little reaction yesterday. No one things anyone would be stupid enough, or Europe organised enough, to make it happen. So what on earth drove the market higher.

That said, a lot of shares in the UK look very cheap.

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I am surprised there was no White Tuesday thread. Maybe we could use this as a start to one.

So here goes

The BarCap guy on B'berg the other day said he still thinks this will be a good year for stocks.

These sort of jumps herald the start of a raging bull.

They will be printing money to save the banks and that always kick starts the SM.

Any more for any more?

Sure.

The Eurozone's problems are now fully resolved thanks to a 3trn leveraged EFSF which the Germans are completely happy to support.

The rating agencies have confirmed that following the launch of this leveraged EFSF, they will create a new AAAA grade for France and Germany, to fully reflect their improved creditworthiness.

G-Pap is confident Greece will be fully solvent in a matter of hours.

It's all rosy, you'd be a fool not to join in the buying frenzy.

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Sure.

The Eurozone's problems are now fully resolved thanks to a 3trn leveraged EFSF which the Germans are completely happy to support.

The rating agencies have confirmed that following the launch of this leveraged EFSF, they will create a new AAAA grade for France and Germany, to fully reflect their improved creditworthiness.

G-Pap is confident Greece will be fully solvent in a matter of hours.

It's all rosy, you'd be a fool not to join in the buying frenzy.

not enough A's.

This thread needs a good stress test.

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The stock brokers must be like goldfish in a goldfish bowl....every 12 hours they forget the terrible news from the day before.

The bank shares will fall back.

Some bloke on the Tele did warn them so they only have themselves to blame.

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We're stuck in a 650 point (4800-5450) trading range.

V. similar to summer '10. That ended with QE signalled at Jackson Hole end Aug '10.

This will end when either the growth scare (and EZ thing) turns out to be not as bad as expected, or worse than expected.

Pays your money etc etc

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Apparently it will be linked to German property values and be known as the AAAAAARGH.

they will create a new AAAA grade for France and Germany, to fully reflect their improved creditworthiness.

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Apparently the structure of the proposed bailout would involve the uk stumping up and losing its AAA rating....

And that's not all. It would also leave Holland and Austria the only AAA rated countries in the Eurozone. I wonder for how long?

However, this is the sort of rise I'd expect to stick for a while when the bailout structure is finally agreed.

That rather assumes an agreement on the leveraged EFSF is actually reached. I very much doubt it.

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This volatility is to be expected in current the fear laden atmosphere.

Brokers must be doing well on the spread commissions.

The problem is, stocks are either incredibly cheap, or incredibly risky.. not much middle ground.

If Europe goes pop it could drop like a stone (a la great depression). If it all blows over it could be off like a rocket.

Place your bets...

280px-Roulette_-_detail.jpg

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If Europe goes pop then they will panic and mega print.

The ECB is the most pathetic central bank of the lot. Raising interest rates in the state they were in? What exactly did they hope to achieve? It is starting to look more and more like the BOE is the most intelligent of the lot (not very difficutl considering they are all idiots).

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Sure.

The Eurozone's problems are now fully resolved thanks to a 3trn leveraged EFSF which the Germans are completely happy to support.

The rating agencies have confirmed that following the launch of this leveraged EFSF, they will create a new AAAA grade for France and Germany, to fully reflect their improved creditworthiness.

G-Pap is confident Greece will be fully solvent in a matter of hours.

It's all rosy, you'd be a fool not to join in the buying frenzy.

That might be the snorting cocaine view, but the rating agencies have indicated any fund which is leveraged is likely to result in those countries with AAA being downgraded...

But still goo do see that the FTSE loves a leveraged bailout and the creation of even more debt to solve a debt crisis.

I hope CAB have now integrated this into there advice in helping individuals with debt problems. £100k in debt don't fear all you need is more debt, our advice is secure as many new loans as possible to end your debt problem.

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  • 296 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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