Shares rocket to their highest since 2011!!!!

RingoMcCartney · Post by **RingoMcCartney** » Fri Jul 01, 2016 6:15 pm

And the remain lot predicted financial melt down!!!

Sidney1st · Post by **Sidney1st** » Fri Jul 01, 2016 6:22 pm

Any reason as to why they've rocketed?

Claretmatt4 · Post by **Claretmatt4** » Fri Jul 01, 2016 6:24 pm

Shares in what? Braincells?

morpheus2 · Post by **morpheus2** » Fri Jul 01, 2016 6:34 pm

I believe it is a reference to pop star Cher as she recently part funded a private space mission for a scientific study satellite. Cher's Rocket.

JohnMac · Post by **JohnMac** » Fri Jul 01, 2016 6:40 pm

My company pension pot is quite important to me having just retired aged 61. It took a dip last Friday but is now over £1000 better than it was last Tuesday.

I'm happy to keep this panic going!

minnieclaret · Post by **minnieclaret** » Fri Jul 01, 2016 6:47 pm

The FTSE250, of British companies, whilst slightly higher today was down 8% after the result.
Stop making the figures match your narrative. We've had enough of Brexiteer lies.

ClaretMoffitt · Post by **ClaretMoffitt** » Fri Jul 01, 2016 6:53 pm

minnieclaret wrote:The FTSE250, of British companies, whilst slightly higher today was down 8% after the result.
Stop making the figures match your narrative. We've had enough of Brexiteer lies.

And you don't think that was at all down to just an initial panic which is now starting to run it's course?

hampsteadclaret · Post by **hampsteadclaret** » Fri Jul 01, 2016 7:45 pm

It doesn't matter much about these numbers...day to day movements aren't really going to affect the Average Joe on a day to day basis.It is the medium to long term trends which matter..Markets have always gone up or down, and they always will.
We don't need a daily running commentary on here....please cut the propaganda cr@p out whichever side you are on.

The £ took a big fall the day the Brexit result came out..(as I said then, and others have said since this is not necessarily a bad thing in terms of cheaper exports, therefore more jobs, more earnings, more spending..Investment, Business and Consumer confidence..growth and so on). All of these things may happen and if they don't immediately, they will eventually.Part of the reason the £ fell so far in the first 36 hours is all those 'city experts' and spivs in pinstripe suits had bought billions of pounds in the run up to the Referendum thinking the vote was a foregone conclusion and got their fingers badly burnt. They backed the wrong un in a two horse race..these are people we are supposed to look up to and listen to. The falling £ back then was used as a stick to beat the 'Leave' camp with. I didn't see much honest explanation of that stuff on here a week ago so I might as well do it now. The £ will move to it's par value in the medium term and we will all wonder what this fuss was about.

- a quick word about that ( now found out charlatan) Osborne.
1) any sign yet of those punitive income taxes that he bullied and threatened us with before the vote?
- no didn't think so.
2) have I really just seen a headline saying that he is abandoning either his public finance targets for 2020 OR his attempts to balance the Budget in the same year?
What a surprise.
Let me guess what he is blaming his revised numbers on...snooze
He has kocked up badly the arrogant nasty sh**, may his demise be speedy and prolonged.

The best time to examine the wisdom of 'Brexit' is 2..5.. 10 years from now and beyond. Not this weekend.

(that's if the pretty strong result is allowed to stand...I have seen some disgusting stuff in the last few days about throwing the result out, and having another Referendum... yeah let's keep having them until we get the 'right' result in this wonderful democracy of ours that we boast about to the rest of the world..)

hampsteadclaret · Post by **hampsteadclaret** » Fri Jul 01, 2016 8:02 pm

You haven't got a clue..one of the biggest know-all gobshytes on here, and it's a competitive field.

CnBtruntru · Post by **CnBtruntru** » Fri Jul 01, 2016 8:03 pm

Goddam Brexit, made all the bloody rich richer

Ilkley claret · Post by **Ilkley claret** » Fri Jul 01, 2016 8:49 pm

The stock market bounced because it's now priced in an interest rate fall flagged by Carney in his speech. The early ( non public) indications are not good. The uncertainty has already started to bite in the housing market and consumer spending. Big projects are being cancelled or delayed and all the big investors are sitting on their hands. Businesses have also put all but non essential recruitment on hold. Carney is dropping rates to almost zero because he knows we will back in recession soon and he's right I'm afraid. A complete own goal by the politicians.

Ilkley claret · Post by **Ilkley claret** » Fri Jul 01, 2016 9:02 pm

I work in finance and unfortunately for me my business gets hit first when this stuff starts to happen.

Imploding Turtle · Post by **Imploding Turtle** » Fri Jul 01, 2016 9:04 pm

I dare say this woman knows more than any of us.

http://www.independent.co.uk/news/busin ... 11156.html" onclick="window.open(this.href);return false;

brigante · Post by **brigante** » Fri Jul 01, 2016 9:08 pm

Investment funds will have dumped the pound and sought value protection in stocks.

Sidney1st · Post by **Sidney1st** » Fri Jul 01, 2016 9:09 pm

In a recession soon?
We have one every decade , so no big deal or surprise.

kaptin1 · Post by **kaptin1** » Fri Jul 01, 2016 9:11 pm

brigante wrote:Investment funds will have dumped the pound and sought value protection in stocks.

If you're seeking to protect value you buy government bonds and gold not stocks

Ilkley claret · Post by **Ilkley claret** » Fri Jul 01, 2016 9:14 pm

This recession was avoidable and there is real concern that it could last a while.

kaptin1 · Post by **kaptin1** » Fri Jul 01, 2016 9:20 pm

Ilkley claret wrote:This recession was avoidable and there is real concern that it could last a while.

I'm far from convinced cutting interest rates will have the desired effect on the economy. Borrowing costs are already very low and banks will be reluctant to pass on lower interest rates because their margins will just get squeezed more. Lower interest rates also mean weaker sterling and, with a large current account deficit, we'll just import inflation. There is a real risk of stagflation, whereby the economy stops growing but costs keep rising.

brigante · Post by **brigante** » Fri Jul 01, 2016 9:57 pm

kaptin1 wrote:If you're seeking to protect value you buy government bonds and gold not stocks

Not necessarily at the minute, the bond markets are awful. That said, you're right, I should have said chase value not protect.

kaptin1 · Post by **kaptin1** » Fri Jul 01, 2016 10:01 pm

brigante wrote:Not necessarily at the minute, the bond markets are awful. That said, you're right, I should have said chase value not protect.

Government bond markets aren't awful. Gilt yields keep falling which means prices are rising. Risk to owning govvies is that interest rates rise and prices fall.

Belgianclaret · Post by **Belgianclaret** » Fri Jul 01, 2016 10:17 pm

Keep on dreaming - the Brexit will cost the UK big time

Paul Waine · Post by **Paul Waine** » Fri Jul 01, 2016 10:19 pm

Some good comments:

Hampstead - I agree Osborne cannot call emergency budget. When new PM is appointed - I favour Theresa May - Osborne will not be Chancellor any longer. Of course, he was wrong to call "project fear" pre-referendum.

IT - I agree, to great extent with Independent analysis. I think I said somewhere else that "group think" was why there were strongly negative predictions pre-ref. And, when vote was "brexit" the markets - as they often do - didn't think, they panic, to prove their earlier comments correct.

I've also seen a lot of the "city boys" (and a few "girls") in my working life. We shouldn't fear them - they aren't necessarily as clever as they think. (sub-prime mortgages, anyone?).

Give everything time. The way the referendum has gone may be good for all of us, whichever way we voted. I'm already surprised by how it is changing politics. If we can "find what unites us, rather than divides us" the changes will all be for the better and we will be in the best place.

I had my drinks with ex-colleagues this week: 4 Italians, 2 Swedes, 1 Indian, 2 Africans, 1 Bermudan and a few Brits - by heritage and/or first generation and/or EU workers. All great friends. That's how I like it.

minnieclaret · Post by **minnieclaret** » Fri Jul 01, 2016 11:23 pm

TomBenderson wrote:Were you on here talking about economic doom in August last year when the 250 lost 5% in a week? Or proclaiming good times were here to stay when it picked up 6% in a week in January 2016? Where was your analysis when it lost 6% in September 2014?

Or do you, in fact, not know the first thing about this but are just trotting out something you heard from someone whose referendum view you shared?

You really are a prick. I'm simply pointing out a figure with as much relevance as the OPs. Now **** off

Braindead · Post by **Braindead** » Fri Jul 01, 2016 11:35 pm

Belgianclaret wrote:Keep on dreaming - the Brexit will cost the UK big time

This is exactly what this thread needed, punchy, to the point and full of detailed analysis.
Thanks Belgian.

Rowls · Post by **Rowls** » Sat Jul 02, 2016 12:23 am

This thread is as daft as the merchant of doom stories we had for two-and-a-half days after Brexit.

Brexit in itself is neither good nor bad. It's what we make of it.

We've left a bureaucratic disaster which is tied to the monstrous single currency of the Euro. We've also left a political club that came with certain perks.

We need to renegotiate the best of the perks we had but more importantly than that we need to engage in more and more trade with the rest of the world.

The possibilities and opportunities for more trade outside the EU are enormous and we are fully unshackled from the awful Euro project. But it will only be as successful as we -as a nation- make it.

Carpe Diem.

Vino blanco · Post by **Vino blanco** » Sat Jul 02, 2016 12:35 am

If you are all so intelligent, why don't you all start up a new political party and sort out the so called problems?

Rowls · Post by **Rowls** » Sat Jul 02, 2016 12:38 am

Vino blanco wrote:If you are all so intelligent, why don't you all start up a new political party and sort out the so called problems?

Who's this aimed at?

If intelligence was all you needed to run a political party then Michael Foot would have been elected.

If politicals was a simple case of "sorting all the problems out" we wouldn't need political party(s).

Vino blanco · Post by **Vino blanco** » Sat Jul 02, 2016 12:47 am

It is aimed at any one, who wants to read it.
Michael Foots intelligence is of no interest or importance. His political views however were based on social and environment/family background based views.
I don't understand your last point.

Rowls · Post by **Rowls** » Sat Jul 02, 2016 1:15 am

My point was that politics isn't about simple problem solving: It's about making difficult judgment calls and having the skills needs to sell your vision to the public, implement it and explain what you're doing whilst retaining popularity, not taking your eye off the ball in case of other problems and also dismissing/considering the opposition at the same time.

Ie. It's tricky.

If politics were just about putting intelligent people in charge then the Soviet Union would have worked a treat.

There are any easy answers, that's all.

Vino blanco · Post by **Vino blanco** » Sat Jul 02, 2016 1:23 am

I never said you should put intelligent people in charge. The rest of what you said I accept as your opinion.

Imploding Turtle · Post by **Imploding Turtle** » Sat Jul 02, 2016 1:27 am

Rowls wrote:My point was that politics isn't about simple problem solving: It's about making difficult judgment calls and having the skills needs to sell your vision to the public, implement it and explain what you're doing whilst retaining popularity, not taking your eye off the ball in case of other problems and also dismissing/considering the opposition at the same time.

Ie. It's tricky.

If politics were just about putting intelligent people in charge then the Soviet Union would have worked a treat.

There are any easy answers, that's all.

I think what you're saying is that a government should pick the best ideas from a range of ideas from a range of people, and implement them using the expertise and know how of as many people as possible.

Vino blanco · Post by **Vino blanco** » Sat Jul 02, 2016 1:31 am

"I think what you're saying is": Wittengenstein would be proud of you.

Rowls · Post by **Rowls** » Sat Jul 02, 2016 1:37 am

Imploding Turtle wrote:I think what you're saying is that a government should pick the best ideas from a range of ideas from a range of people, and implement them using the expertise and know how of as many people as possible.

No.

That's not my point.

Once again.

Even though it's spelled out. Even though you were trying to be witty.

That's not my point.

My point is: Politics is tricky; not easy.

Imploding Turtle · Post by **Imploding Turtle** » Sat Jul 02, 2016 1:38 am

I was trying to help you. How was i trying to be witty?

I promise you, if i'm trying to be witty you'd never know it.

Vino blanco · Post by **Vino blanco** » Sat Jul 02, 2016 1:41 am

I think you will also find that quantum mechanics is tricky, not easy.

Imploding Turtle · Post by **Imploding Turtle** » Sat Jul 02, 2016 1:49 am

Vino blanco wrote:I think you will also find that quantum mechanics is tricky, not easy.

Well, we're at least getting closer to something that i don't know absolutely everything about.

Vino blanco · Post by **Vino blanco** » Sat Jul 02, 2016 1:59 am

Battery running out and I have just finished my last glass of Rioja with my chorizo, manchego and olives. Utc

Star Gazer · Post by **Star Gazer** » Sat Jul 02, 2016 2:04 am

Quarks Neutrinos and Bosons rock how quantum does it have to be

Paul Waine · Post by **Paul Waine** » Sat Jul 02, 2016 7:51 am

Vino blanco wrote:If you are all so intelligent, why don't you all start up a new political party and sort out the so called problems?

Great idea.

How do we go about setting up the "Bee Hole End Democrats?"

I assume we will be "democrats." Is that OK with everyone.

How will we elect a leader? Who will be in the "front bench" team?

What are prospects for BHED in elections? Shall we start locally in Burnley and build up to being a national party later?

We've got the range of views. I guess we can admit that, though we all have the "love of the Clarets" that unites us (well, nearly all of us), we also have a number of different factions which divide us. We are well on the way to being a "big, grown up" political party

I propose ME for leader, (or should that be MEE?).

OK with the rest of you?

UTC

PS: I daren't ask if we are for or against Brexit. Back to the drawing board.

barba · Post by **barba** » Sat Jul 02, 2016 8:38 am

Three reasons stocks have done well

1. Thin trading volumes.

2. Further stimulus - rate cut more QE predicted.

3. Hesitation on 'pressing' the article 50 button

Claretincraven · Post by **Claretincraven** » Sat Jul 02, 2016 9:23 am

What makes somebody put up a post that is so easily disproved? Whichever barometer of share values you look at quickly shows you that none of them are at their highest in the last year, never mind since 2011. Sorry maybe I should have put 4 exclamation marks after that statement to add some gravitas.

kaptin1 · Post by **kaptin1** » Sat Jul 02, 2016 10:07 am

TomBenderson wrote:Agree with 2 and 3 but I'm seeing high volumes every day since the vote. Even ignoring the bloodbath of the Friday, volumes are high.

Agreed - me too

chadders · Post by **chadders** » Sat Jul 02, 2016 10:12 am

It's fair to say it's a tad shambolic so far but it's early days and time will tell. Saying I told you so won't achieve much. My parents thoughtfully informed me I was wrong to vote in manner I did. We now have to heal the wounds of a divided nation and get the best deal we can with the EU and globally for all concerned. Come back in 5 years time and say I told you so if it makes you feel better. Whoever the new PM is they're going to have their work cut out negotiating and unpicking legislation within two years. There's a huge amount of work in that and that will be a major distraction from other issues. There will be a monumental cost in that. Now we have to take it on the chin and crack on! utc

barba · Post by **barba** » Sat Jul 02, 2016 3:12 pm

TomBenderson wrote:Agree with 2 and 3 but I'm seeing high volumes every day since the vote. Even ignoring the bloodbath of the Friday, volumes are high.

Scrap 1. It was a broker who told me that. I should have realised it was ********

South West Claret. · Post by **South West Claret.** » Tue May 16, 2017 4:38 pm

RingoMcCartney wrote:And the remain lot predicted financial melt down!!!

Footsy 100 still on the up.

UpTheBeehole · Post by **UpTheBeehole** » Tue May 16, 2017 4:40 pm

Weak pound explains all.

South West Claret. · Post by **South West Claret.** » Tue May 16, 2017 5:02 pm

Indeed.

KateR · Post by **KateR** » Tue May 16, 2017 5:53 pm

some interesting points as usual but absolutely nothing new, same regurgitated bytes, only thing I 100% agree with is that we will never know the real results until 2 - 5 10 years out, then all the warriors on here can come back and brag about how right they were. Until then it is simply adjustments to the world in general, not like the market or pound never fell before Brexit is it!!

There is a market out there, there is currency out there are commodities out there, all present an opportunity to make money even when falling. Always has been, always will be.

BennyD · Post by **BennyD** » Wed May 17, 2017 12:09 am

JohnMac wrote:My company pension pot is quite important to me having just retired aged 61. It took a dip last Friday but is now over £1000 better than it was last Tuesday.

I'm happy to keep this panic going!

So am I, having just retired at 55. My final salary pension starts next week and I've just transferred the pot; £19K, over 11 years in, and £265k out but I've no idea how or why. Consequently, for whatever reason, I too am all in favour of high stock prices whoever, or whatever, causes them.

LoveCurryPies · Post by **LoveCurryPies** » Wed May 17, 2017 12:36 am

RingoMcCartney wrote:And the remain lot predicted financial melt down!!!

We haven't left yet.