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postman
That dow. Its slips down 25 points in 40 minutes then they ram it up 30 points in 4 minutes.
Every time it slips down its jammed back higher.
Every time it slips down its jammed back higher.
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postman
That was a good target. :smart: I got stopped out overnight but took some bites out of it on the way down.
I still see the FTSE going to below 7630 at some point.
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postman
24860 close on the dow today, up 120 from here.
See how we go around 7700.. might give some clues also watch cable and oil...as Attila has said watch out for a bear trap!
FWIW I have covered and currently flat.
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postman
Judging by the poor performance of the Dow it looks like more downside on the way which will drag on ftse.
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postman
The beginning of the end!
https://www.thetimes.co.uk/article/joint-mortgages-uniting-to-get-on-the-property-ladder-xgrzrv7bf
Joint mortgages: uniting to get on the property ladder
M&S has a new mortgage deal that allows four people to join forces to buy a property
Anyone remember what happened last time things were this desperate? Interest rates went from 4% to 15% very quickly and house prices crashed. With multiple people responsible for the debt large numbers were trapped in negative equity for years.
But of course "it's different this time". :whistling
https://www.thetimes.co.uk/article/joint-mortgages-uniting-to-get-on-the-property-ladder-xgrzrv7bf
Joint mortgages: uniting to get on the property ladder
M&S has a new mortgage deal that allows four people to join forces to buy a property
Anyone remember what happened last time things were this desperate? Interest rates went from 4% to 15% very quickly and house prices crashed. With multiple people responsible for the debt large numbers were trapped in negative equity for years.
But of course "it's different this time". :whistling
itspossible
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nice find posty-
i should imagine that their rich daddies will stand as guarantors.
Atilla
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psaTrading
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Yesterday European markets ended slightly lower. The uncertainty associated with the political scenario in Italy continued to influence investor sentiment and had repercussions on the stock and debt markets. Banks' stocks were the most penalized. In the foreign exchange market, the Euro maintained its downward trajectory against the US Dollar, thus moving towards the 6th consecutive week of falls.
Next Monday, American markets will be closed, celebrating the Memorial Day.
Next Monday, American markets will be closed, celebrating the Memorial Day.
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postman
FTSE still going the right way 😉
psaTrading
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The first day of the week was negative for most European markets and especially for the Italian stock market. As expected, market activity was much lower than usual, as the London and North American stock markets are closed: in the United Kingdom the "Spring Bank Holiday" is celebrated and in the USA the “Memorial Day”. In sectoral terms, the variations were not very marked, and the producers of raw materials stood out in the positive. The Italian stock exchange closed with a fall of 1.99%, and the banks were the main catalysts of this trend. With respect to the debt market, 2-year Italian yields from Treasury Bonds rose to levels around 0.862%, while 10-year TBs declined further to stand at 2.659%. In the foreign exchange market, the Euro suffered a slight devaluation against the Dollar.
C
cantagril
Personally I'd cover. Is this the beginning of the end? Not yet imho
I think we will have another blow off.. but eventually the rotation will occur
I could be wrong but I have moved some investments to cash anyway...
Let's see..
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postman
Just checking in.
FTSE is on its way back up short term, I closed one position at 7630 thats still a whopping loss from the 7614 open given all the daily charges, but a lot better than bailing at 7900.
The ftse went up for nearly 6 weeks solid so I think she can do better than 1 week of downside.
Missed my s&p competition cutoff as well. 🙁
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postman
Looking at the chart I dont see more than 7680 as a retrace during trading hours. Who knows what they will do to it overnight though.
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postman
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postman
FTSE close.
Last:
7,632.64
Who knew.
Last:
7,632.64
Who knew.
psaTrading
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The political situation in Italy and Spain created a scenario of fear and risk aversion that was seen today in the financial markets. In Italy, Carlo Cottarelli, nominated by the President of the Republic, will try to form a government that is likely to be presented tomorrow to the President and will have to submit to the vote of the Parliament and the Senate. Despite the charisma it brings, it is unlikely that Cottarelli’s team will win the vote of the two legislative chambers, both dominated by the 5 Stelle Movement and Lega Nord. On the other hand, in Spain Parliament debates on Thursday and Friday the motion of censure presented by the Socialists, after the sentence of the National Audience, which condemned the Popular Party (led by Rajoy) for one of the most corrupt cases in recent years in Spain.
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postman
The dow hasnt finished yet.
24320 and falling.
24320 and falling.
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postman
2 months of downside on the dow in Feb Mar, followed by 2 months of upside.
Are we in for 2 months of downside again? I think the dow has another 600 points to drop.
Are we in for 2 months of downside again? I think the dow has another 600 points to drop.
