So will the UK stock market open up tomorrow the bad news is now public and prices reflect this, a rally ?
Banks have been hammered, perhaps a little too much so now all the bad news is finally out will we see a rally?
Public Comments
- Buy Buy Buy
- It is a time to buy because the millionaires and billionaires are buying while the credit markets are frozen for anyone to be able to buy. If your on salary and you believe your job to stay the same for the next 3 years you should be living below your means and maximize your free capital and gear it towards investments because once this is over it'll be a little while until we see something drop everything this much again. Don't play the market day to day but long term so whether a rally happens or not who cares. Is the Dow going to hit 6k? Who cares look long term everything you buy hold as a long-term stock investment to drop your tax on it and maximize your potential future gains if you buy now.
- Future bad news haven't yet been priced in. Because few if anybody knows yet what those bad news will be. Perhaps future good news will outweigh future bad news. But without knowing the future bad news, betting on that is speculation which might or might not be profitable for you.
- The FTSE 100 is so influenced by the DOW 30 (Dow Jones Industrial Averages) movements. There's been some speculation of a US rally due to Obama being sworn in on the 20th Jan 2009. So I'm guessing the UK market will rally or otherwise make a U turn and rally up when the US markets open.
- The worst thing for bank shares is the lifting of the short selling last Friday. The ban on short selling for banks shares must be enforced again until banks start lending to one another again.
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