Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#1
This morning (09.09 hrs) the FTSE100 was at 6811.12
This is the highest level since just before the economic slowdown started when it was at 6732.4 on the 15th June 2007. This is a clear sign that investors see signs of clear economic improvement from a 'lead indicator'.
For your information - the FTSE all time high closing was 6930.2 on the 30th December 1999 just before the dot.com crash.
There is a good chance we will see a new high set before the end of this year.
Whatever you do though, do not invest without advice and knowing what the risks are. There are still challenges ahead and you can expect the markets to fall as well as rise. But, so far so good.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#2
So what?!
It is, it has been, it was, it may be...it may not be...
There's an old joke about a woman famous for getting her washing on the line - always on the good-drying days. Her neighbours often wondered what here secret was, and one day they asked her. She answered...
Every morning I pull back the covers to check to which side my husband's penis is lying;if it lies to the right, not a good day for washing, if it lies to the left - then it is a good day for washing..
But what, her neighbour enquired, if its standing up?
Oh!, came the reply, who has time for washing on a morning like that?
The true test of whether our nation is in a good state of health is for each of us to look about us, and judge by what we see of the condition of our neighbours. For it is upon these people that we truely rely, as they in turn rely upon us.
Can we count the times that Companies have continued to take our cash, simply to line the pockets of their board and their share-holders, only to go bust, and post weak apologies on 'postcards' sent from some tax haven or other?
What did any of us know of the tremendous risks we were taking simply by banking on the high street? When it was our wages and our savings that those higher-up the food chain put at such grave peril.
How difficult can it be for the boards of companies to be confident when they live risk-free, when it is their workforce/our neighbours, their customers/our neighbours, their investing-bank customers/ our neighbours and ourselves, that bear all risks of failure?
The Pulse of Prosperity is better adjudged healthy when it is at the fingertips of each of us. For it is, as can be plainly known by the debt assigned to each of us, OUR economy, OUR Nation and OUR future that is at stake, and as the real risks are OUR risks, so the benefits should be ours, like-wise.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
#3
Take away the money printing programme that's been in operation over the past few years and watch the FTSE drop like a stone. It's the reason why share markets in the states has risen - money printing. There is no other reason.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#4
good old quantitative easing has a lot to answer for - economics of the madhouse.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#5
we are defintly going this way.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#6
Philip - I too am anti-QE and suggestions of US tapering did pull back the markets. This is in fact one of the challenges to which I refer. QE is not consequences free, it boosts inflation long term and inflation always boost equities as these are tangible assets that will help protect against inflation. The tapering of QE in the US will affect the markets but this should be seen as a buying opportunity and such tapering is inevitable, we all know that. Timing is what is important here and such tapering gets offset by other issues. I see no need to worry too much about that unless you are a day trader.