Bitcoin all time high today
Bitcoin all time high today
What do we think is going on today? Profit taking from recent gains?
I expect we should be looking at Government cabinet ministers stockbrokers to make the first move just before a deal is announced to the public.
Cheers..
Jase
If Goldman say the UK is a buy, the're probably looking to sell their own UK positions.
Never forget history.
Brexit and vaccine hopes taking hold again
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I think I’m gradually coming to the conclusion that the economy and politics are largely irrelevant. All that matters is the central banks print money which then just flows into assets. That why property and markets are doing so well.
I keep making the mistake that it’s the economy that drives the market. What a fool I’ve been.
Reads that Pfizer vaccine has been approved by UK authorities for roll out
Expects FTSE to skyrocket
Logs into HL account
Ah.....
https://edition.cnn.com/2020/12/02/b...ice/index.html
Seems to confirm what has been said on here regarding the fundamentals.
I've completely given up trying to rationalise their share price.
I've had so many really casual investors tell me they have bought Tesla stock over the last couple of years telling me to 'get on it' I've looked at the figures and could never bring myself to put money in, convinced it was going to crash.
I've now convinced myself that it's just going to rise forever as a helium balloon seemed to when I was a kid.
1% margin lol, and I bet that's creative
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If at any time their stock does get crushed like a soufflé under a sledgehammer, what does anybody reckon will happen? The collapsing soufflé is limited to Tesla, or there’s a widespread turn of sentiment and confidence in the broader US market?
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A bearish view
https://www.marketwatch.com/story/a-...5?link=sfmw_fb
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Strong possibility of a Brexit deal being agreed and announced in the next 24 hours, how do we expect the markets to react?
I think there is a possibility it's already factored into the recent rises
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Who knows ... trying to get political outcomes and the impact they may or may not have on a market is a mugs game and only really of interest to short term traders.
I have given up trying to predict such things ... I'm more interested in longer term issues and the likely effects on market over the next 5 years or more ...
For example how will the repayment (or not) of the global national debts play out and how will that drive markets ... what about all the money printing? Will that lead to inflation or will the zero interest rate policies counteract that?
What some minor trade deal does for some tiny island is irrelevant in the bigger economic mix.
Exactly why I asked, being quite heavily invested (for me) in Rolls Royce I have been to the bottom and seen minus 5 figures, done the rights spending gamble, luckily it worked out to a level where I sold a big chunk of my investment to now be back in profit by 4 figures.
Most of these up and downs have been either side of big announcements, Brexit being agreed is quite a big deal (literally) and I would have thought it would have a reasonable impact.
Talking about long term investments, I didnt think a fund like the Vangaurd LTF100 would recover so quickly, its actually higher now than it was before Covid..
I'm in Vanguard LS 80% and they report 56% global equity and 18% FTSE at the moment
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My Poo Poo’ed Novacyt tip earlier this year has turned out to be what I understand to be the strongest growth of a share this year or close !
Wont make that silly mistake again
RIAC
I think a Brexit deal will be announced before the end of the year, there's a lot of optimism now, especially with 2020 having been a difficult time and vaccines are starting to be distributed.
The GBP will strengthen, this will mean funds/trusts holding predominantly USA stocks will fall a bit in price like Fundsmith,SMT,Baille Gifford etc
The domestic FTSE (250 etc)will most likely jump on a deal being signed, remember the UK stock market has been unloved since the brexit vote and hasnt grown much in the past few years .
The Main guy from the "The Big short" , famous for shortening the US housing market, pre credit crunch has gone short on Tesla.
https://markets.businessinsider.com/...-12-1029859345
Last edited by jonny; 3rd December 2020 at 22:23.
^^ I’ve watched that film at least 20 times.
We still have not tabled all our last minute demands. It will be done at the last possible moment.
From our leaderships spaffing on about 'Having our cake and eating it' in any deal, there's scuttlebutt that 'cake' has become EU negotiators codeword for unrealistic demands/position, hence last minute final demands are when we might well see, Peak cake.
Enjoy the chocolate cake.
Not wanting to make this thread political, but I'm looking forward to seeing the list of Brexit benefits that we can expect from Jan 1.
Currently I am only seeing negatives and the metaphorical use of sticking plasters to get things done.....the tears are coming.
I expect that if/when a deal is announced, there will be an uptick in the markets, when the reality is that most of those markets will actually end up being negatively impacted by the effects of us leaving, with or without a deal.
ETA - I think we established earlier in this thread that discussing the politics of Brexit’s impact on the markets was ok.
Last edited by mr noble; 4th December 2020 at 23:45.
Dow struggling to stay above 30k
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Markets treading water whilst Brexit plays out , they aren't even bothered about little old ladies getting jabs
Thing is when Bozzer announced he wasn't going to break the law in Ireland the markets responded positively
A Brexit deal would see a nice little jump and a few more old ladies get jobs might help
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Tesla now worth more than everything in the whole universe.
I think it has a way to go yet.