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FTSE index ends year at record high.


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Old 31-12-2016, 14:43
onecitizen
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Quite astonishing, when you add this to billions of pounds worth of investment into the UK economy over the last 6 months things are looking up.
http://news.sky.com/story/ftse-100-s...-high-10711892
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Old 31-12-2016, 15:04
Aurora13
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Quite astonishing, when you add this to billions of pounds worth of investment into the UK economy over the last 6 months things are looking up.
http://news.sky.com/story/ftse-100-s...-high-10711892
Down on the year in dollar terms which is what matters.
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Old 31-12-2016, 15:04
TheDC
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Eh? The FTSE 100 is mostly foreign (250 is a better UK indicator), it's up due the new drops of the pound and it's still way off all time highs.
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Old 31-12-2016, 15:13
Aurora13
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Eh? The FTSE 100 is mostly foreign (250 is a better UK indicator), it's up due the new drops of the pound and it's still way off all time highs.
Don't let economic reality get in the way of propaganda. Foreigners buying up UK due to pound crashing. Just what the voters thought they were getting - not. 🙄
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Old 31-12-2016, 15:44
jmclaugh
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Eh? The FTSE 100 is mostly foreign (250 is a better UK indicator), it's up due the new drops of the pound and it's still way off all time highs.
Eh indeed. The FTSE100 is at an all time high and the FTSE250 is today at 18,077 which is within 120 points of its highest point which was May 2015.
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Old 31-12-2016, 17:07
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Interesting article in the Times today about investors worried the FTSE is overvalued. I've found the online version but you will need a subscription to read it

http://www.thetimes.co.uk/edition/bu...gain-bd0fjtx6c
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Old 31-12-2016, 18:00
SnowStorm86
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Bremoaners will not be pleased and will do their best to talk this down.
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Old 31-12-2016, 18:07
tahiti
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there is already a thread on this + it was explained there that this is due to Sterling devaluation.

FTSE is down on dollar terms - heavily so.

the same thread shows that due to a similar effect the best performing stock market in 2016 is Venezuela''s

I know you are one of these Brexiters but it can't be that hard to keep up. even for a Brexiter
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Old 31-12-2016, 18:45
d'@ve
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Quite astonishing, when you add this to billions of pounds worth of investment into the UK economy over the last 6 months things are looking up.
http://news.sky.com/story/ftse-100-s...-high-10711892
This often happens on low trading volumes over Christmas and it's ripe for heavy profit taking in the new year, when normal trading resumes. Look out for the "FTSE crashes 1%" panic headlines next month, which is highly likely to happen at some point.

It's very tempting to heavily short the FTSE for a month, as soon as it reopens.
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Old 31-12-2016, 18:50
moox
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Bremoaners will not be pleased and will do their best to talk this down.
If by "talk it down" you mean "these are the reasons why, and they're not particularly good".

Brexiters don't seem to like facts, only feelings.
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Old 31-12-2016, 18:55
HenryGarten
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The FTSE 100 was at almost exactly the same level on December 31, 1999

That is 17 years of going nowhere.

Correct the index for inflation and it is well down on 1999

FTSE 100 since 1984
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Old 31-12-2016, 19:15
MargMck
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If by "talk it down" you mean "these are the reasons why, and they're not particularly good".

Brexiters don't seem to like facts, only feelings.
That's your feeling, is it? The irony.
Here's a fact we very much like: we are leaving the EU.
Really we should stop pandering to all this Remainer misery and umbrage, but sometimes it is irresistible.
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Old 31-12-2016, 19:20
moox
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That's your feeling, is it? The irony.
The words "don't seem" would imply that it is indeed a feeling.

Here's a fact we very much like: we are leaving the EU.
Now that's a feeling!
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Old 01-01-2017, 05:05
SULLA
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It's a place where sharks buy and sell shares to make money.
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Old 01-01-2017, 10:33
Joe1500
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Down on the year in dollar terms which is what matters.
Not when your investments are in pounds.
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Old 02-01-2017, 02:07
david16
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Sterling has not recovered to pre referendum values. At a 31 year low, soon to be a 45 year low, then a 58 year low and so on and so forth over the next several decades to come.

The FTSE 250 index is certainly a lot more important than the FTSE 100 index, yet the 100 is the only index you ever hear about on business news bulletins.
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Old 02-01-2017, 09:06
JELLIES0
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How strange !

I thought that a Brexit vote would immediately send the FTSE plummeting. That's what I was told.
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Old 02-01-2017, 14:17
Resonance
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Sterling has not recovered to pre referendum values. At a 31 year low, soon to be a 45 year low, then a 58 year low and so on and so forth over the next several decades to come.

The FTSE 250 index is certainly a lot more important than the FTSE 100 index, yet the 100 is the only index you ever hear about on business news bulletins.
The FTSE 250 is doing very well. Not far off a 5 year high.
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Old 02-01-2017, 14:30
thenetworkbabe
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there is already a thread on this + it was explained there that this is due to Sterling devaluation.

FTSE is down on dollar terms - heavily so.

the same thread shows that due to a similar effect the best performing stock market in 2016 is Venezuela''s

I know you are one of these Brexiters but it can't be that hard to keep up. even for a Brexiter
As noted above, sterling devaluation means exports improved,and cheaper prices for UK stocks have meant more takeover bids driving share prices up - which in turn means dividends going overseas in future. The hedge fund managers, who financed brexit, will also be looking forward to making more money when the stockmarket falls again, as they will have bet on it doing so.
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Old 02-01-2017, 14:35
thenetworkbabe
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The FTSE 100 was at almost exactly the same level on December 31, 1999

That is 17 years of going nowhere.

Correct the index for inflation and it is well down on 1999

FTSE 100 since 1984
Indeed - which reflects one big problem - that the economy has been stagnating, while demand for health and care and benefits spending has eaten more and more of it. And causes a second - in that, without stockmarket growth, private pensions, savings, and other collective insurance schemes for care, or health cover, can't keep up with costs.

Which, in turn, increases the use of houses as investments , and raises their price - so many can no longer afford them.
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Old 02-01-2017, 17:29
Jellied Eel
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The hedge fund managers, who financed brexit, will also be looking forward to making more money when the stockmarket falls again, as they will have bet on it doing so.
So that'll be Gina Miller & hubbie, looking forward to some more speculation and paying off Mischcon..
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Old 03-01-2017, 16:27
LostFool
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FTSE 100 "could hit 9000" with a soft EU-exit.
https://uk.finance.yahoo.com/news/ft...094600601.html
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Old 03-01-2017, 19:33
Rooks
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I just don't see it because there's too many events during this year that will cause market instability. We have the formal A50 trigger, French, German and Dutch elections plus serious economic issues in Italy. If you have courage then I'd imagine there's a lot of money to be made on the rollercoaster that this year will bring but I'd be surprised to see it hit 9000 (though I hope it does).
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Old 03-01-2017, 21:04
LostFool
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I just don't see it because there's too many events during this year that will cause market instability. We have the formal A50 trigger, French, German and Dutch elections plus serious economic issues in Italy. If you have courage then I'd imagine there's a lot of money to be made on the rollercoaster that this year will bring but I'd be surprised to see it hit 9000 (though I hope it does).
I doubt it too, especially if the Hard Leavers get the upper hand.

I'm planning on moving my portfolio into a more defensive mode.
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Old 03-01-2017, 22:24
Jellied Eel
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I'm planning on moving my portfolio into a more defensive mode.
Sensible. It's known that fear of Brexit leads to excessive flatulence, which can then lead to nasty bubbles bursting. Investing in salt and whine exporters may act to stop losses though.

It's depressing that so many here are still disappointed that the sky hasn't fallen, exports are helped and our multi-nationals are benefitting from foreign earnings.
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