Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Wednesday On The F T S E May Be Disappointing

Recommended Posts

Today's Market
Last Change
DJIA 10,706.14
-
86.44
NASDAQ 2,072.47 -18.85
S&P 500 1,223.69 -12.71
Russell 3000 710.02 -8.07

Data as of 6/13/2006 4:06pm

Will the sell off continue Wednesday. IMO, it will as there does not appear to be any good news out there at the moment. Even Gordon is going bearish and repeating what his banker has said about rough times ahead.

Gold is anyone's guess:

http://personal.fidelity.com/research/stoc...ketsindex.shtml

Gold drops 7% to tally a six-session loss of almost $82

3:23 p.m. 06/13/2006 By Myra P. Saefong

SAN FRANCISCO (MarketWatch) -- Gold futures tumbled more than 7% Tuesday to tally a six-session loss of almost $83 an ounce as crude prices fell to a two-month low and the dollar continued to strengthen on expectations U.S. interest rates are headed higher -- sapping demand for the precious metal.
"Gold now stands at a point where the $300 move it had achieved over the past year has been reversed by 50%, and questions are being raised about its ability to sustain much more damage before the bull cycle is declared as being on a permanent summer vacation," said Jon Nadler, an investment products analyst at bullion dealers Kitco.com.

I sense that we could see Gold drop below 550 tomorrow with no sign of a rally in Asia following the NY close:

www.kitco.com The World Spot Price - Asia/Europe/NY markets

MARKET IS OPEN

(Will close in 21 hrs. 19 mins.)

Metals Date Time (EST) Bid Ask Change from NY Close

GOLD 06/13/2006 16:10 562.70 563.40 0.00

0.00%

Share this post


Link to post
Share on other sites

Fantastic time to get a few more Krugs for the pile.

Gold is where its at.

The dollar is finished, the printing presses will not save it either.

Haven't they been predicting the end of the dollar since 1930? Mark Twain comes to mind when he said that the rumours of his death had been greatly exaggerated. The world has been printing money and Asia more of it than most. If the US stops buying Europe stops selling. That is a recipe for a depression.

Gold is a great investment like all commodities but timing is everything. Buy low and sell high and don't expect to get it right every time. Anyone who bought at $730 may be feeling a little edgy right now.

Share this post


Link to post
Share on other sites

Gold is a great investment like all commodities but timing is everything. Buy low and sell high and don't expect to get it right every time. Anyone who bought at $730 may be feeling a little edgy right now.

Wow - $560 - £305 - the lowest gold has been since January - in Sterling at least?

Share this post


Link to post
Share on other sites

FTSE a little hesitant at the start:

FTSE 100 (FSI:^FTSE)

Index Value: 5,521.30

Trade Time: 8:27AM

Change: 1.70 (0.03%)

Prev Close: 5,519.60

Open: 5,519.60

Day's Range: 5,503.80 - 5,527.40

52wk Range: 5,013.40 - 6,137.10

INteresting article on who gains when the bounce finally comes:

http://business.guardian.co.uk/story/0,,1797102,00.html

Turmoil prompting flight to quality, says Merrill Lynch
Angela Balakrishnan
Wednesday June 14, 2006
The Guardian
Turmoil in financial markets over the past few months has led to a shift in investors' expectations about which stocks will do well in the future, Merrill Lynch said yesterday.
The investment bank said the UK and US were in a good position if markets bounced back, after emerging markets fared badly in the recent sell-off. Volatility in the markets had sparked a "textbook" rotation into defensive countries as investors shed riskier assets, the bank said.
"Quality is starting to matter," said Mr Bowers,
"I think we will see a change in leadership as people are beginning to rethink their views on the USA.
There
was
a belief in the emerging market growth, people thought their stocks were robust and could withstand a US slowdown, but this hypothesis has been challenged. Investors won't go back there so readily."
"The UK is also a winner in this environment," he said, "There is a significant degree of defensive stocks and defensive market mix here compared to emerging markets."

We may see a stronger SM at the expense of other more IR sensitive assets.

Share this post


Link to post
Share on other sites

FTSE up 0.24% now... will it hold?

Gold at $568 / £308.

Be an interesting day. I expect the FTSE to be fairly flat today, no significant fall or rise.

I expect the FTSE to finish within 40 points up or down of where it started.

Share this post


Link to post
Share on other sites

FTSE up 0.24% now... will it hold?

Gold at $568 / £308.

Be an interesting day. I expect the FTSE to be fairly flat today, no significant fall or rise.

I expect the FTSE to finish within 40 points up or down of where it started.

Seems like a no-confidence vote from Asia:

http://www.finfacts.com/irelandbusinessnew..._10006210.shtml

News : International Last Updated: Jun 14th, 2006 - 09:05:21

Dead-cat-bounce on Asian markets; China's industrial production surges

By Finfacts Team

Jun 14, 2006, 09:00

Asian stocks rebounded on Wednesday and the Morgan Stanley Capital International Asia Pacific Index, which tracks about 1,000 stocks in 14 markets, rose 0.6 percent after falling 3.9 percent yesterday, its biggest decline since May 2004. It has fallen 18 percent since closing at a record on May 8th.

With demand bound to fall China's frenzied manufacturing based economy may lead the way further down. I like what Merril Lynch say in today's Observer--flight to safety ahead as money will eventually return to the US and UK stockmarkets. Emerging markets will be in poor shape for the medium to long term. The US/UK market may simply be following the traditional bearish May-October time to go away phase. I am a little more bearish and think we will go into recession later this year.

Edited by Realistbear

Share this post


Link to post
Share on other sites

FTSE 100 (FSI:^FTSE)

Index Value: 5,509.50

Trade Time: 9:59AM

Change: 10.10 (0.18%)

Prev Close: 5,519.60

Open: 5,519.60

Day's Range: 5,503.80 - 5,543.00

52wk Range: 5,013.40 - 6,137.10

Down again, possibly on the weak employment numbers and Tesco's disappointing sales numbers. All points to recession rather than a no-hike policy?

Yesterday was quite bad for the rest of the world:

http://www.telegraph.co.uk/money/main.jhtm.../ixcitytop.html

Yesterday, the FTSE collapsed 101.3 points to 5519.6, after the
Nikkei registered its biggest points fall since 2001
and investors worried about flagging demand in the US.
Indian shares fell briefly below 9000 yesterday, 28pc below last month's peak,
as foreign and domestic investors cashed in profits. Trading in Russian shares was suspended after heavy falls.
The Turkish government was forced to intervene to prop up the lira
, while stocks dived. The Dow Jones in New York fell 86.50 to close at 10706.10 last night.
London was also hit by a higher-than-expected rise in inflation in May to an annual rate of 2.2pc, the fastest rate of growth since October 2005.
Gold crashed $42 to $562.1 an ounce, its worst fall in five years.
In London Brent oil fell more than $2 to $66.92 yesterday but was up 1 cent to $66.93 in London this morning.

IMO, Mervyn was right about rocky times ahead. We are just beginning to see such times.

Edited by Realistbear

Share this post


Link to post
Share on other sites

If it drops as far as $300 - it might be a good time for Gordon to sell of the rest of UKs gold reserves!

As Gordon Broon knows - timing is everything

Share this post


Link to post
Share on other sites

FTSE just took a vertical dive a few minutes ago:

FTSE 100 (FSI:^FTSE) Delayed quote data

Index Value: 5,481.10

Trade Time: 8:34AM ET

Change: 38.50 (0.70%)

Prev Close: 5,519.60

Open: 5,519.60

Day's Range: 5,475.60 - 5,543.00

52wk Range: 5,013.40 - 6,137.10

Share this post


Link to post
Share on other sites

FTSE just took a vertical dive a few minutes ago:

FTSE 100 (FSI:^FTSE) Delayed quote data

Index Value: 5,481.10

Trade Time: 8:34AM ET

Change: 38.50 (0.70%)

Prev Close: 5,519.60

Open: 5,519.60

Day's Range: 5,475.60 - 5,543.00

52wk Range: 5,013.40 - 6,137.10

Yep I noticed that. Had gained up 10 points, then all of a sudden down by 40. CPI figures for US not looking good - I guess the news had an effect.

Share this post


Link to post
Share on other sites

Yep I noticed that. Had gained up 10 points, then all of a sudden down by 40. CPI figures for US not looking good - I guess the news had an effect.

Looks like it. FTSE is in for a very dissappointing day it seems.

AP
Inflation Rises 0.4 Percent in May
Wednesday June 14, 8:41 am ET
By Martin Crutsinger, AP Economics Writer
Inflation Rises 0.4 Percent in May As Gasoline Prices Soar
WASHINGTON (AP) --
Consumer inflation registered another sizable increase in May
, pushed higher by soaring gasoline prices. And most worrisome, there was further evidence that the jump in energy costs is beginning to cause more widespread inflation troubles.

Share this post


Link to post
Share on other sites

FTSE just took a vertical dive a few minutes ago:

FTSE 100 (FSI:^FTSE) Delayed quote data

Index Value: 5,481.10

Trade Time: 8:34AM ET

Change: 38.50 (0.70%)

Prev Close: 5,519.60

Open: 5,519.60

Day's Range: 5,475.60 - 5,543.00

52wk Range: 5,013.40 - 6,137.10

FTSE 100 5,517.30 -2.30 (-0.04%) recovering?

Share this post


Link to post
Share on other sites
Guest Alright Jack

Looks like the bank of england are not going to allow the ftse100 to go below 5500.

Share this post


Link to post
Share on other sites

Looks like the bank of england are not going to allow the ftse100 to go below 5500.

Not so sure:

FTSE 100 (FSI:^FTSE)

Index Value: 5,514.70

Trade Time: 2:45PM

Change: 4.90 (0.09%)

Prev Close: 5,519.60

Open: 5,519.60

Day's Range: 5,475.60 - 5,543.00

52wk Range: 5,013.40 - 6,137.10

I wonder what is causing the mini rally? Confusion or the end to bargain hunting? If I was an stock investor at this time I would be going to cash not buying into the storm.

Share this post


Link to post
Share on other sites

Looks like it was a mildy disappointing day on the FTSE with a close just above the support level of5500:

FTSE 100 (FSI:^FTSE)

Index Value: 5,506.80

Trade Time: 4:36PM

Change: 12.80 (0.23%)

Prev Close: 5,519.60

Open: 5,519.60

Day's Range: 5,475.60 - 5,544.40

52wk Range: 5,013.40 - 6,137.10

Thursday? Let's see if the DOW holds onto its big gains today.

DJ INDUSTR AVERAGE (DJI:^DJI)

Index Value: 10,774.19

Trade Time: 5:42PM

Change: 68.05 (0.64%)

Prev Close: 10,706.14

Open: 10,706.78

Day's Range: 10,698.85 - 10,796.18

52wk Range: 10,098.20 - 11,709.10

Volume: 185,649,616

Share this post


Link to post
Share on other sites

I wasn't dissapointed!

ABP take over imminent with speculation of a bidding war sending the share price up up and away.

Hmmmm. That'll be 75% profit in less than a year.

Yeah. Stocks really suck compared to housing!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.