If the FTSE250 goes above the X line in a couple days time its is guaranteed to climb.
This is a real victory for Brexiteers and a real forced entry into Remainers Safe Space's.
And the FTSE100 is already in a Bull Market.
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BREXIT causes FTSE250 new Bull Market. watch
- Thread Starter
Last edited by illegaltobepoor; 11-07-2016 at 15:29.
- 11-07-2016 15:25
- 11-07-2016 15:35
Remainers will always complain... like always.
- 12-07-2016 17:03
Hang on OP, wasn't one the fundamental tenets of Leave's campaign that we can't trust economists and 'nobody knows' what our economic future will be?
You've suddenly changed your tune.
Meanwhile, expect your energy bills to go up: https://www.uswitch.com/media-centre...rendum-result/
- 12-07-2016 17:26
Interesting. However reading the Financial Times article you linked does not paint such a rose-tinted image.
the FTSE 100’s strength does not indicate strength in the underlying UK economy... A more sobering explanation is the fact that firms listed on the FTSE 100 derive most of their earnings from outside the UK. Given the large fall in sterling since 23 June, these earnings are now worth more in sterling than they were before the referendum. This has nothing to do with the outlook for the UK economy. When converted into US dollars, the FTSE 100 and FTSE 250 have underperformed major equity indices in the US and Japan. The FTSE 250 – which derives a greater share of its earnings from the UK – has fared particularly poorly and even worse than Greek equities.
- 12-07-2016 17:31
There 2 things which will always hold back the bull market right now...
1) oil/commodity prices
if 2) doesn't perform, 1) fails and we end up in another spiral like 2015.
I say give it some time, this is more of a RELIEF RALLY than a bull market, we still have poor growth
so there is NO JUSTIFICATION for a proper bull market. Earnings season is upon us, so stocks may get hit as reality strikes back. The FTSE 100 should be around 7000 right now, fairly priced, anything higher than that is not justified given poor global growth.
- 12-07-2016 17:34
lol OP still doesn't understand economics